Property profile

213 Venice Ave Venice, FL 34285

OFF-MARKET
Retail space
Property ID
US18-5553141
3,459 SF 0.09 ac lot Built 1925
Entity Owned 20-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,900 square foot retail property, located at 213 W Venice Ave in the heart of downtown Venice, Florida (34285), presents a compelling investment opportunity. The property encompasses three addresses: 213, 215, and 217 W Venice Ave, and boasts 100% occupancy with four long-term tenants, ensuring a stable income stream. Recent storefront upgrades enhance the property's appeal. Situated on a highly desirable block known for its high foot traffic, this prime location guarantees strong visibility and consistent customer flow. The asking price is $3,750,000, translating to $421.35 per square foot. Long-term leases are in place, featuring built-in escalations, providing further security and potential for future growth. This property is ideal for investors seeking a stable, high-return investment in a thriving downtown area. The property's classification includes restaurant, shopping center, and storefront uses. Its central location within the most sought-after block of downtown Venice ensures continued attractiveness and strong tenant demand.

Property profile

Verified
Property type Retail space
Use group STORE, RETAIL OUTLET
Year built 1925
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,459 SF
Lot 0.09 ac (3,804 SF)
Zoning code VA
APN 0408-04-0048
UPID US18-5553141

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
  • (Bike/Boat/Book/etc) Store
  • Clothing & Fashion Store
  • Bakery Specialty Food Shop

Location

213 Venice Ave Venice, FL 34285-2075
Venice metro Census 2401 NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$830k
Comparable Approach Comparable
$850k
Blend (final) Blend
$380k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
2005
$850,000

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
Top alternative use upside
Medical building $1.2M +48.5%
Office building $930,000 +19.4%

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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