1111 AVENIDA DEL CIRCO

VENICE, FL, 34285

$7,999,900

$146 per ft²
$7,999,900
$146 per ft²
Pending
Pending
 - For Sale
carpenters-square
54,496 ft²
property_type
Commercial
calendar
Built 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.
MLS® ID:
A4500554
Listed:
5/11/21
Updated:
8/12/22
Coldwell Banker Global Luxury Realty
Jay and Kyle Anne Mitchell

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central Air

Exterior/Building Features

Lot Size
5.15 acres lot

Other Property Details

Area Name
34285 - Venice
Taxes
$50867.88
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
Sarasota
Pool
No
Total Stories
1
Zoning
RTR

Property History

Date
Event
Price
Value
3/2/22
Pending
-
-
2/24/22
Active
-
-
2/4/22
Pending
-
-
2/4/22
Active
-
-
12/29/21
Pending
-
-

Courtesy of GULF SHORES REALTY

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Data last updated 8/12/22, 3:22 PM UTC

Coldwell Banker Global Luxury Realty
Jay and Kyle Anne Mitchell
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