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$7,999,900
1111 Avenida Del Circo, Venice, FL 34285
0 Beds
0 Baths
54,496 sqft

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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:
  • $7,999,900
  • Square Footage:
  • 54,496
  • Acreage:
  • 5.15
  • Year Built:
  • 1983
  • Listing ID #:
  • MFRA4500554
  • Street Address:
  • 1111 Avenida Del Circo
  • City:
  • Venice
  • State:
  • Florida
  • Postal Code:
  • 34285
  • County:
  • Sarasota
  • Community:
  • Venice
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Approximate Total Liveable Area:
  • 54496
  • Construction Type:
  • Brick, Concrete
  • Foundation:
  • Slab
  • Stories:
  • 1
  • Total # Of Buildings:
  • 2
  • Total Building Square Footage:
  • 54496
  • Year Built:
  • 1983
  • Conforms To Zoning:
  • Rtr
  • Federal Flood Zone:
  • X, X500
  • Lot Square Footage:
  • 224504
  • Road Frontage Type:
  • City Street
  • Road Type:
  • Asphalt, Paved
  • Days On Market:
  • 51
  • On Market Date:
  • 2021-05-12
  • Originating Mls:
  • Mfrmls
  • Ownership:
  • Corporation
  • Property Taxes:
  • $39,278
  • Tax Year:
  • 2020
  • Cooling System:
  • Central Air
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By GULF SHORES REALTY
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    The data relating to real estate displayed on this website comes in part from the Internet Data Exchange (IDX) Program of My Florida Regional MLS DBA Stellar MLS. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers' personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law.
    FLSTELLAR

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