Property profile

1475 Venice Ave Venice, FL 34292

OFF-MARKET
Grocery and convenience stores
Property ID
US18-2743930
3,548 SF 1.22 ac lot Built 2001
Entity Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.5-acre parcel presents a remarkable opportunity for retail development in the thriving city of Venice, Florida. Located within the bustling Publix Center, this strategically positioned site boasts excellent visibility and accessibility from East Venice Avenue and Capri Isles Boulevard. The property is zoned CG, permitting a variety of uses including retail, medical, and office spaces. Its location within an established retail plaza ensures high foot traffic and immediate proximity to successful businesses such as Publix, Walgreens, Great Clips, and a Day Spa Salon. The ample lot size offers significant flexibility for development, allowing for the creation of a substantial building or a multi-tenant complex. The property's address is 1475 E Venice Ave, Venice, FL 34292, and its APN is 0412 05 0014. This is a rare chance to acquire a prime piece of land in a high-demand area, offering significant potential for return on investment. The asking price for this exceptional property is $1,100,000. Don't miss this opportunity to secure a prominent location in a flourishing retail center.

Property profile

Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE (W/FUEL PUMP)
Year built 2001
Total area 3,548 SF
Lot 1.22 ac (53,144 SF)
Zoning code CG
APN 0412-05-0003
UPID US18-2743930

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
  • Grocery & Convenience Store
  • Gas Station
  • Atm
  • Bank Credit Union

Location

1475 Venice Ave Venice, FL 34292-3064
Venice metro Census 2730 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.93M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.27M
Blend (final) Blend
$4.91M

Owner & transaction history

since 2018
Last sale
$4.9M
2 recorded transactions
2018
Price N/A
2011
$2.2M

Zoning & alternative use

CG · Venice, FL
Zoning description

ntial Tourist Resort) RTR Inactive Sec. 2.2.5.2. Non-Residential Zoning Districts OPI (Office, Professional, and Institutional) OPI Sec. 2.2.3.A. OMI (Office, Medical and Institutional) Integrated Into OPI Sec. 2.2.3.A.…

General category COMMERCIAL

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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