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Property profile & analytics
OFF-MARKET Estimated value $385,000
Parking lots & garages

229 Tamiami N Trl Venice, FL 34285

1,168 SF 0.46 ac lot Built 1953
Entity Owned 6-yr Hold Free & Clear
Property ID
US18-4103471
Property summary
AI-generated overview

This freestanding, 2,000 square foot retail/office building is located at 229 S Tamiami Trail in Venice, Florida, 34285. Built in 1954, the property sits on a 3,500 square foot lot and is zoned CI. Its convenient location places it steps from downtown Venice's shops, restaurants, and banks, ensuring high visibility and foot traffic. The building offers private parking both in front and in the rear, a significant advantage in this busy area. Currently configured as a single-tenant space, the floor plan is easily adaptable to suit a single user or even two tenants. The asking price is $599,000, translating to $299.50 per square foot. The property's 2018 tax assessment was $3,680.89. This presents a unique owner-user opportunity in a thriving downtown location. The property's versatility and prime location make it an attractive investment. Serious inquiries are encouraged.

Property profile
Verified
Property type Parking lots & garages
Use group PARKING LOT
Year built 1953
Total area 1,168 SF
Lot 0.46 ac (20,031 SF)
Zoning code DE
APN 0407-14-0046
UPID US18-4103471
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • VVS ( Venice vapors & smoke shop) (Bike/Boat/Book/etc) Store Alternative Medicine Practice
  • Bitcoin ATM Venice - Coinhub Atm Currency Exchange Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k
Owner & transaction history
G & A Realty LLC · 6 yrs held
G & A Realty LLC
since 2020
1 recorded transaction
2020
$335,000
Zoning & alternative use
DE · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Culs-De-Sac. Where a tract of land is of such size or location as to prevent a typical lot arrangement, there may be established one or more courts, dead-end streets or other arrangements; provided, however, that direct access shall be given to all lots from a dedicated street or court. A dead-end street (cul-de-sac) shall terminate in a circular roadway hav…

Zone name Downtown Edge
General category COMMERCIAL
Zone area 35.52 ac
Source code of ordinances
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