Investment or Development - South Venice

Retail-Commercial for Sale
Catylist Listing ID: 30392407
Property Subtypes: Convenience Store, Free-Standing Building, Vehicle Related, Other
Building Size (RSF): 5,520 SF
Gross Building Area: See Agent
Sale Price: $650,000
Unit Price: $117.75 PSF
Property Use Type: Investment, Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/3/2019

Overview / Comments

PROPERTY OVERVIEW
Located just north of the Tamiami Trail/SR 776 intersection, this property offers high traffic counts and excellent visibility. It sits on 23,157 SF of land and the 3,870 SF retail component, a duplex and a small single family residence are fully leased. Nice investment property. OR: This property can be combined with the adjoining property for a 1.5 acre retail site with 300' of frontage on Tamiami Trail. This area enjoys the highest retail consumption in Venice and is seeing increased, new development and this property is ready for progress.

PLEASE DO NOT DISTURB THE TENANTS!

PROPERTY HIGHLIGHTS
• Investment or Development
• Fully Leased - 7.9 Cap
• Excellent Redevelopment Opportunity
• Assemble 1.5 Acres
• 300' Frontage on S. Tamiami Trail
• AADT of 47,500

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0450110001
Zoning: CI
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,340 39,747 69,853
Median Age: 49.9 58.17 60.66
Households: 4,283 19,824 35,581
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