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 65+ existing rooms plus a banquet area. 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

Construction Materials Brick, Concrete
Cooling Central Air
MLS Area 34285 - Venice
Property SubType Mixed Use
Property Type Commercial Sale
Special Listing Conditions None
Status Active
Total Num Buildings 2
Township 39S
Year Built 1983
Zoning RTR

Interior Features

Living Area 54496.00

Exterior Features

Building Area Total 54496.00
Foundation Details Slab
Lot Size Acres 5.15
Lot Size Square Feet 224504
Road Frontage Type City Street

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 $4.11M
$8M
Taxes
AVG $20,652
$39,278
Visits
AVG 28
55
Year Built
AVG 1981
1983