Pending
1111 AVENIDA DEL CIRCO
VENICE FL, 34285
$7,999,900
$146.80 per sqft
Pending
54,496 sqft
Commercial
Built in 1983
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.
A4500554
MLSⓇ ID
May 12, 2021
Listed
August 23, 2024
Updated
Map
1111 AVENIDA DEL CIRCO
VENICE FL, 34285
Interior Features
Total Stories
1
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
No
Exterior/Building Features
Lot Size
5.15 Acres
Other Property Details
Area Name
34285 - Venice
Taxes
$50,868
Tax Frequency
Annually
Days on Market
804
Garage
No
View
No
County
Sarasota
Municipality
39S
Pool
No
Zoning
RTR
Listing History
Date | Event | Price |
---|---|---|
7/23/2024 | Pending | — |
7/22/2024 | Active | — |
Listed by GULF SHORES REALTY
Listing Contact: 941-488-6644
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Data last updated 8/23/2024, 11:25 AM UTC