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.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: City of Venice
Tax ID/APN: 0412010002
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

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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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