Lakeview Park Office Condos in Venice

Office for Sale
Catylist Listing ID: 30651002
Property Subtypes: Business Park, Office Building
Building Size (RSF): 3,201 SF
Sale Price: $499,000
Unit Price: $155.89 PSF
Property Use Type: Investment, Vacant/Owner-User
Building Name: Lakeview Office Park
Class of Space: Class B
Usable Size (USF): 3,201 SF
Sale Terms: Cash to Seller
Cap Rate: 5.02%
Average Occupancy Rate: 100
Last Updated: 10/21/2020

Overview / Comments

Office condos located in the Lakeview Office Park in Venice. Lakeview Office Park is a well established office and professional park located just off the I-75 and Jacaranda Interchange.

This light and bright double unit office condo is currently used for a children's therapy practice and was originally two separate office condos that have been combined. The offices feature a main entrance with reception, waiting area and an administrations office. In addition there are seven therapy rooms, two large open rooms for play therapy, two kitchenettes, three restrooms, storage and IT.

Tenant is on a month to month lease so the office condos may suit an owner/user. An Investor may have a "value added" opportunity to negotiate a new lease with current tenant. 5.02% Cap Rate

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0000008257
Zoning: CHI
Property Located Between: I-75 and US 41
Property Visibility: Good
Highway Access: Interstate 75 Jacaranda Blvd.
Site Description: Established office park
Area Description: Highway Interchange exit featuring a variety of gas stations, convenience stores, restaurants and business park
Number of Stories: 1
Year Built: 2002
Year Renovated: 2018
Construction/Siding: Stucco
Parking Type: Surface
Sprinklers: Wet
Heat Type: Electricity
Air Conditioning: Package Unit
Internet Access: Cable
Zoning Description: Commercial Highway Interchange
Water Service: Municipal
Sewer Type: Municipal
Legal Description: UNIT C L.V.O.P. 6 UNIT D L.V.O.P. 6

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,386 32,309 67,538
Median Age: 65.24 64.49 61.29
Households: 1,262 16,734 34,650
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