Homes for sale - 1111 AVENIDA DEL CIRCO, Venice, FL 34285

HOW MUCH WOULD YOU LIKE TO OFFER FOR THIS PROPERTY?

Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 7,999,900

Est. payment | -/mo

54,496 SqFt

Save Virtual Tour

$ 7,999,900

Est. payment | -/mo

Save Virtual Tour

54,496 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Square Footage 54,496 sqft

Price per Sqft $146

MLS Listing ID A4500554

HOA Y/N No

Originating Board Stellar MLS

Year Built 1983

Annual Tax Amount $50,867

Lot Size 5.150 Acres

Acres 5.15

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.

Location

State FL

County Sarasota

Zoning RTR

Interior

Cooling Central Air

Building

Story 1

Foundation Slab

Lot Size Range 5 to less than 10

Structure Type Brick,Concrete

New Construction false

Others

Ownership Corporation

Special Listing Condition None

Listed by GULF SHORES REALTY

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL, 32259

1111 AVENIDA DEL CIRCO Venice, FL 34285