216 Seaboard Ave Venice, FL 34285-4618
- Manufacturing properties
- 21,500 SF
- 0.92 lot acres
Current Use by Public Records
- Inline Filling Systems / Manufacturer / Fabrication Engineer
Property Details for 216 Seaboard Ave
- Year built
- 1960
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.92 lot acres
- Property size
- 21,500 SF
- Zone code
- SBI
- Property type
- Manufacturing properties
- APN
- 0408-10-0003
- APU
- 408100003
Description
This exceptional 21,500-square-foot industrial warehouse in Venice, Florida, presents a unique investment opportunity. Located in Sarasota County's Venice submarket, this single-story, Class C building offers flexible space options, with two suites available for lease; one measuring 8,000 square feet and the other 13,500 square feet (totaling 21,500 square feet). Built in 1960 and situated on a 0.92-acre lot, the property features one loading dock, one dock-high door, and one drive-in door, providing convenient access for loading and unloading. Ample parking is available with eight spaces. The property is zoned ILW and is ideal for various industrial and distribution uses. Its strategic location within a thriving commercial sector, coupled with proximity to major transportation routes and logistics hubs, ensures excellent accessibility and connectivity. The entire 21,500 square feet is currently vacant, providing immediate occupancy for a single tenant or the opportunity to lease the space in two separate units. This property represents a compelling opportunity to establish a presence in a growing market with high demand for industrial space.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,900,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,780,000
- 6.5%
- $2,965,000
- 7%
- $3,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,000,000
- Geo Method
- $2,510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $3,160,000
- Retail
- $2,520,000
- Mixed-Use
- $2,825,000
- Hospitality
- $2,525,000
- Educational
- $3,205,000
- Residential Income
- $2,995,000
- Energy
- $3,375,000
- Income-Based Land
- $2,620,000
- Food Service
- $3,375,000
Location Insight
- Map
- Local Demand
- City
- Venice
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4379
- Latitude
- 27.0968
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
