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

February 16, 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

32


Garage

No


View

No


County

Sarasota


Pool

No


Zoning

RTR


Buyer Agency Compensation

2%

Listed by Daniel Charney, with GULF SHORES REALTY
Listing Contact: 941-488-6644 

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Data last updated 2/16/2024, 12:44 AM UTC

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