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Listing ID A4187229
Price: $2,750,000
Address
312 E VENICE
City Name:
VENICE
State:
FLORIDA
Postal Code:
34285
Square Feet:
23905
Acres:
1.29
MLS Area Major:
Venice
County:
Sarasota
Type:
Commercial
Strong cash flowing investment waiting for new owner!, , A mixture of 35 warehouse and 24 office units make up the 59 unit rental investment. Got a void? Then only get a +/-2% drop in occupancy! Average occupancy 97%+., , Buildings have been well cared for: Repainted 2012, New roof 2013, Air Conditioning units - 6 of 7 around 4 years old, City water and sewer, , Income flowing is $303k, expenses (INC tax, insurance, repairs and on-site management) $72k leads to NOI of $231k or 8.4% cap rate! Full details available subject to completion of NDA., , All information regarding the property, including but not limited to financial information and projections (e.g., cap rates and valuations) are based on information from a variety of sources including but not limited to public records and owner-provided data. While information is believed accurate,
neither the listing agent or broker make any representation or warranty as to its completeness, and you should not rely upon it without conducting your own due diligence and investigation to determine whether the property meets your criteria and is a suitable investment. Past results are not necessarily indicative of future performance. Owner provided financial information will be available for review upon execution of a
confidentiality agreement.
Additional Features:
Additional Membership Available: n
Additional Parcel: No
Air Conditioning: Zoned/Multiple
Association Approximate Required: No
Auction: No
Block Parcel: 202
CDD: n
CDOM: 100
Condo Environment: No
Construction Status: Completed
Converted Residence: No
Country: United States
DOM: 100
Exterior Construction: Block
Fireplace: No
Flood Zone Code: A12
For Lease: No
Freezer Space: No
Heating and Fuel: Other
Homestead: No
Internal ID: 207630421
Legal Description: LOTS 1, 1A, 2A, 3A, 4A & 5A, BLK 202, & VACATED ALLEY ADJ TO N OF SAID LOT 5A, EDGEWOOD SEC OF VENICE CONTAINING 1.2 C-AC M/L
List Price: 2750000.00
Location: Street Paved
Long Term: No
Lot Dimensions: irregular
Lot Number: 1
Lot Size SqFt: 56198
Listing Price Per SqFt: 115.04
LSC List Side: Sarasota
MFR Consumer: No
Millage Rate: 16.6740
Net Leasable SqFt: 23905
Net Operating Income: 231000
Net Operating Income Type: Actual
New Construction: No
Other Exemptions: No
Other Fees: No
Parcel Number: 0408020016
Parking: Over 30 Spaces
Pet Restrictions: No
Pets Allowed: No
Planned Unit Development: No
Property Status: Existing
Property Style Commercial: Industrial, Office, Office/Warehouse, Warehouse
Status: Active
Range: 19
Road Frontage: US Highway
Roof: Other
Section: 07
Sidewalk: No
Special Sale Provision: None
Special Tax District Tampa: No
SqFt Gross: 23905
Square Foot Source: Public Records
Taxes: 16897
Tax Year: 2016
Total Acreage: One + to Two Acres
Township: 39
Utilities: BB/HS Internet Capable, City Water
Water Access: No
Water Extras: No
Water Frontage: No
Water View: No
Year Built: 1956
Zip Plus: 4677
Zoning: ILW
Zoning Compatible: No
Listing information courtesy of RE/MAX Alliance Group. 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 consumer 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. Data last updated on Thursday, October 19th, 2017.
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