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Property profile & analytics
FOR LEASE
Retail space

2996 Executive Dr Venice, FL 34292

9,877 SF 2.12 ac lot Built 2022
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US18-7651025
Property summary
AI-generated overview

This exceptional 12,941 square foot retail strip center, constructed in 2021, presents a unique investment opportunity in the thriving Venice, Florida market. Located at 2996 Executive Drive, Sarasota County, zip code 34292, this property offers multiple tenancy options, with spaces ranging from a minimum of 1,046 square feet to a maximum contiguous space of 10,000 square feet. The center boasts a desirable location and features attractive amenities for tenants and patrons alike. One notable feature is an end-cap space thoughtfully designed to accommodate a drive-thru lane, ideal for a quick-service restaurant or similar business. Adding to the property's appeal is a generous 13-foot-wide patio extending the length of the building, providing ample outdoor space perfect for dining or other customer-facing activities. This property is situated in a high-traffic area, offering excellent visibility and accessibility for businesses seeking a prominent presence in the Venice community. The building's modern design and versatile space options make it an attractive proposition for a variety of retail uses. This is a rare opportunity to secure a well-located, modern retail space in a rapidly growing market. Contact us today to learn more about leasing opportunities.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2022
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 9,877 SF
Lot 2.12 ac (92,370 SF)
Zoning code PCD; EVA
APN 0415-05-0008
UPID US18-7651025
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
by Request
CAP Approach CAP
$2.38M
Comparable Approach Comparable
$2.33M
Blend (final) Blend
$2.36M
Owner & transaction history
Venice Hospitality II LLC · 6 yrs held
Venice Hospitality II LLC
since 2020
3 recorded transactions
2020
Price N/A
2016
$276,210
1969
Price N/A
Zoning & alternative use
PCD; EVA · Venice, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $3.3M +14.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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