1990 S Tamiami Trl, Venice, FL 34293
- Office buildings
- 3,128 SF
- 0.38 lot acres
Current Use by Public Records
- Venice Periodontics and Dental Implants / Dental Office
- Raja Jay MD / Physician
Property Details for 1990 S Tamiami Trl
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.38 lot acres
- Zone code
- OPI
- Property type
- Office buildings
- APN
- 0449-12-0082
- APU
- 449120082
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 6, 2022 | $599,000 | Brushfire Properties LLC | Jay Raja | Warranty Deed | $510k · Provide INC |
Description
This exceptional 3,128 square foot medical office building presents a unique investment opportunity in the thriving Venice, Florida market. Situated on a 0.3-acre lot at 1990 S Tamiami Trl, this property boasts unparalleled visibility and accessibility. With a daily traffic count exceeding 41,000 vehicles on Tamiami Trail (US-41), this location ensures maximum exposure for any business. The strategic placement at the intersection of US-41 and Baffin Drive, enhanced by a median cut allowing access from both northbound and southbound traffic, further optimizes accessibility for clients and employees. The building's zoning designation is Office, Professional Institutional (OPI), with an underlying zoning and Future Land Use (FLU) of Commercial Corridor (COMCOR), providing flexibility for a variety of professional uses. This prime commercial real estate offers a compelling combination of high traffic volume, excellent location, and versatile zoning, making it an ideal investment for discerning buyers seeking a strong return on investment in a rapidly growing area. The property's size and location make it suitable for a variety of businesses seeking high visibility and convenient access for their clients. This is a rare opportunity to acquire a well-positioned commercial property in a desirable location. The asking price is $599,990.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $805,000
- ML approach
- $785,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $810,000
- 6.5%
- $750,000
- 7%
- $695,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $728,000
- AI Estimate
- $556,000
Market price range: $589k - $1.21MMarket price range: $427k - $809k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $835,000 Current use
- MEDICAL BUILDING
- $1,050,000 Change: +26% Conversion: Easy
- RETAIL STORES
- $920,000 Change: +10% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4146
- Latitude
- 27.0588
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
