Catylist ID:
#30841882
7 Unit Bank Building Investment
Retail-Commercial
for Sale
Also listed as Office
| Catylist Listing ID: | 30841882 |
| Property Subtypes: | Free-Standing Building, Mixed Use, Retail-Pad |
| Building Size (RSF): | 17,158 SF |
| Gross Building Area: | 19,428 SF |
| Gross Land Area: | 46,442 SF |
| Sale Price: | $5,899,000 |
| Unit Price: | $343.80 PSF |
| Property Use Type: | Net Leased Investment (NNN), Investment |
| Building Name: | First Horizon Bank Building |
| Sale Terms: | Cash to Seller |
| Cap Rate: | 5.98% |
| Last Updated: | 5/19/2023 |
Overview / Comments
|
7 Unit Two Story Office/Medical Building The property is strategically situated in a bustling commercial district, guaranteeing high visibility and foot traffic. It benefits from its proximity to major highways and thoroughfares, making it easily accessible for both employees and clients. Surrounding the property, you'll find a vibrant community filled with a diverse range of businesses, ensuring a supportive and collaborative environment. Building is anchored by First Horizon Bank, which fronts directly on to East Venice Avenue Located at the North Western signalized corner of East Venice Avenue and North Auburn Road This 17,158 SF +/- multi-tenant investment is nicely situated on 46,442 SF +/- of CG Zoned land in Venice, Florida 22,000+/- AADT Original construction of the building is 2006 Located in the City of Venice Property measures approximately 155’ x 298’ 1790 E Venice plays host to a nice mixture of office and medical tenants however with CG Zoning, retail uses would be allowed as well. First Horizon Bank has a 3-lane drive through under the building. Easy access to US41, Venice Island, Interstate-75, Jacaranda Blvd and more. Shared surface parking with neighboring buildings makes for a more efficient use of space and increase walkability between the neighboring busy strip center. |
Attachments & Media
Additional Details
| Nearest MSA: | North Port-Sarasota-Bradenton |
| County: | Sarasota |
| Taxing Authority: | City of Venice |
| Tax ID/APN: | 0412010002 |
| Zoning: | CG - COMMERCIAL, GENERAL |
| Retail Clientele: | General, Business |
| Property Visibility: | Excellent |
| Largest Nearby Street: | North Auburn |
| Feet of Frontage: | 150 |
| Traffic/Vehicle Count: | 22,000 |
| Highway Access: | I-75, US41 |
| Tenancy: | Multiple Tenants |
| Total Number of Buildings: | 1 |
| Number of Stories: | 2 |
| Year Built: | 2006 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 3,992 | 44,934 | 78,062 |
| Median Age: | 67.88 | 62.1 | 60.53 |
| Households: | 2,175 | 23,352 | 39,630 |
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