Waterfront
Address
1111 AVENIDA DEL CIRCO Venice, FL
Price
$ 7,999,900
Property Attributes
  • MLS#A4500554
  • TypeCommercial
  • CountySARASOTA
  • CityVenice
  • AreaVenice
  • Zip34285
  • StyleMixed Use
  • Year Built1983
  • Taxes$ 39278
  • Price$ 7,999,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage54496
  • Lot Size5.15 Acres
Listing Provided Courtesy Of:
GULF SHORES REALTY
Data Source:
Stellar MLS
Property Description

EXCEPTIONAL DEVELOPMENT OPPORTUNITY on the Island in Venice, Florida. LAND & BUILDINGS! This is one of the last, largest and best pieces of available land on the island. This popular destination is home to a private airport, marina, beautiful beaches and beachfront properties and a charming downtown area with local restaurants and shops. This property consists of approx. 5.15 acres located in the heart of it all with easy access off the south bridge to Hwy-41 (Tamiami Trail). Currently zoned RTR Resort residential, previous plans proposed for up to 165 units in a combination of short-term and extended stay hotel/resort/and restaurant. A rezoning to RMF4 indicates 18 units per acre density for luxury condos which are in high demand on the island. Under either buildout scenario upper floors would showcase stunning sunsets over the Gulf of Mexico! Property encompasses 1111 and 1225 Avenida Del Circo and included in the purchase is a beautiful Professional Building with a long established dermatology center. At buyer's discretion tenants are happy to stay and annual income in the range of $120,000 per year can be expected. Alternatively, this building would accommodate a very nice sales center, amenities center and more. The second existing building offers approximately 50,000 sf. with 65+ existing rooms, management offices, a full restaurant with large commercial kitchen and more. This building could be renovated to current apartments, assisted living, hotel, condos etc. This rare opportunity is the first time to market in almost 40 years. This property is ready for your dream...build it and they will come.

Price History
5/12/2021 Listed $7,999,900

General Features

Additional Parcels Y/N No
Building Area Units Square Feet
City VENICE
Construction Materials Brick, Concrete
Cooling Central Air
County Sarasota
Days on Market 134
Directions Business 41 onto Venice Island south bridge. Turn left at Avenida Del Circo to property on left at 1111.
MLS Area 34285 - Venice
New Construction No
Ownership Corporation
Property SubType Mixed Use
Property Type Commercial Sale
Standard Status Active
Status Active
Street Name AVENIDA DEL CIRCO
Tax Annual Amount 39278.7
Tax Year 2020
Total Number of Buildings 2
Township 39S
Virtual Tour https://player.vimeo.com/video/548630879
Water Access YN No
Year Built 1983
Zoning RTR

Interior Features

Flood Zone Code Zone X, Zone X500
Living Area 54496
Living Area Units Square Feet
Total Stories 1

Exterior Features

Building Area Total 54496
Foundation Details Slab
Lot Size Acres 5.15
Lot Size Square Feet 224504
Road Frontage Type City Street
Road Surface Type Asphalt, Paved
Water Extras YN No
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 34285

Price
AVG $5.25M
$8M
Taxes
AVG $27,684
$39,278
Visits
AVG 538
123
Year Built
AVG 1978
1983
Walkscore
AVG 50
35
Data Provided by Walkscore ® not using MLS data

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