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$7,999,900
134 Days Online

1111 Avenida Del Circo
Venice, FL 34285

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
54,496
SqFt
$147
/SqFt
1983
Built
County:
Sarasota, FL

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1111 Avenida Del Circo1111 Avenida Del Circo1111 Avenida Del Circo1111 Avenida Del Circo
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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.

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Listing Snapshot
Price
$7,999,900
Days Online
134 Days
Bedrooms
N/A
Inside Area (SqFt)
54,496 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
5.15 Acres
Year Built
1983
MLS Number
A4500554
Status
Active
Property Tax
$39,278
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Public Records
Friends & Family
Recent Activity
5 hours agoListing updated with changes from the MLS
4 months agoListing first seen online
General Features
Foundation
Slab
Zoning
RTR
Interior Features
Cooling
Central Air
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Exterior Features
Waterfront
No
Listing courtesy of GULF SHORES REALTY



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Data last updated at: 2021-09-24 12:30 PM EDT

Neighborhood & Commute
Source: Walkscore
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