Property profile

127 Tampa Ave E Venice, FL 34285

FOR LEASE
Community centers
Property ID
US18-3520334
3,000 SF 0.51 ac lot Built 1958
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional commercial property, located at 127 Tampa Ave E in Venice, Florida (34285), offers a unique blend of executive and creative office spaces within a vibrant retail setting. The two-story, 8,584 square foot building, constructed in 1982, sits on a 0.51-acre lot and is zoned VA. Currently, there are three available spaces ranging from 400 to 900 square feet, ideal for a variety of businesses. The property boasts a Class C designation and offers convenient access to a wealth of amenities, including the Venice Theater, Daiquiri Deck, the United States Postal Service, and numerous retail shops and restaurants. Its prime location ensures high foot traffic from nearby residential areas. The building features a total of three parking spaces, but lacks elevators. The property's address is further identified by its cross street, Tamiami Trail, and its APN is 0407140023. This is a rare opportunity to establish a presence in a thriving downtown Venice location. The property is currently multi-tenant. Serious inquiries are encouraged.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1958
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,000 SF
Lot 0.51 ac (22,200 SF)
Zoning code VA
APN 0407-14-0023
UPID US18-3520334

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Consultant
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Building Inspector
  • (Bike/Boat/Book/etc) Store Hardware & Home Improvement
  • Hair Salon

Location

127 Tampa Ave E Venice, FL 34285
Venice metro Census 2304 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$510k
CAP Approach CAP
$815k
Comparable Approach Comparable
$427k
Blend (final) Blend
$510k

Owner & transaction history

since 2017
7 recorded transactions
2017
$1.0M
2015
Price N/A
2010
$255,000
2008
Price N/A
2005
Price N/A
2004
Price N/A
2004
Price N/A

Zoning & alternative use

VA · Venice, FL
Zoning description

Portable storage containers within the Venice Avenue (VA) Zoning District may be approved by the Zoning Administrator for a maximum of ninety (90) consecutive days only between the months of December and April. vi. In al…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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