1220 Pinebrook Rd, Venice, FL 34285-6421
Exceptional 104,544 square foot development land in Venice, Florida, presents a unique opportunity. Zoned Planned Unit Development (PUD), this site allows for the construction of up to 110 units in a nine-story Assisted Living Facility (ALF), as per existing approvals. Conceptual plans are also available for a single-story, 19,168 square foot office building. The property boasts a highly desirable location, strategically situated between the bustling retail corridor of Venice Avenue East and the new Sarasota Memorial Hospital campus, further enhanced by its proximity to significant residential and commercial developments along Laurel Road. The asking price is $1,350,000. The property's APN is 0409080042. This infill location offers exceptional potential for a high-return investment. The lease expired on November 30, 2022, and the property is now available for immediate development. This is a rare opportunity to acquire a well-positioned site in a thriving area of Sarasota County. The property's address is 1220 Pinebrook Rd, Venice, FL 34285.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PUD · Venice, FLVenice. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.