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Property profile & analytics
OFF-MARKET Estimated value $2,005,000
Commercial land

2980 Executive Dr Venice, FL 34292-2612

1.36 ac lot
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-8127587
Property summary
AI-generated overview

This exceptional 1.358-acre commercial land parcel presents a remarkable investment opportunity in Venice, Florida. Located at 2980 Executive Drive, this property boasts a highly desirable location at the intersection of I-75 and Jacaranda Boulevard, providing unparalleled visibility and accessibility. The parcel is zoned PCD and features a pre-approved site plan for an 8,300 square foot retail building, including over 1,000 square feet of outdoor patio space, ideal for restaurants or businesses requiring ample customer seating. Its strategic placement next to established businesses such as Wawa, Culver's, and Tractor Supply ensures high traffic volume and strong consumer presence. The property's APN is 0415050012. This prime location offers significant potential for a variety of retail uses, catering to the substantial local population. Within a 5-mile radius, there are 87,083 residents with an average household income of $79,082, representing a robust consumer base. The asking price for this exceptional commercial land is $1,000,000. This is a rare opportunity to acquire a ready-to-develop site in a thriving commercial corridor. Don't miss out on this chance to capitalize on the strong growth and high demand in this area of Sarasota County, Florida, zip code 34292.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.36 ac (59,134 SF)
Zoning code PCD; EVA
APN 0415-05-0012
UPID US18-8127587
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.01M
Owner & transaction history
First Baptist Church Of Venice · 2 yrs held
First Baptist Church Of Venice
since 2023
Last sale
$1.5M
1 recorded transaction
2023
$1.5M
Zoning & alternative use
PCD; EVA · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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