1111 Avenida Del Circo, VENICE, FL

$7,999,900

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54,496

Square feet

5.15

Acres

About 1111 Avenida Del Circo

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.

Features of 1111 Avenida Del Circo

MLS® # A4500554
Price $7,999,900
Bathrooms 0.00
Square Footage 54,496
Acres 5.15
Year Built 1983
Type Commercial Sale
Sub-Type Mixed Use
Status Pending

Community Information

Address 1111 Avenida Del Circo
Area Venice
City VENICE
County Sarasota
State FL
Zip Code 34285

Amenities

Is Waterfront No
Has Pool No

Interior

Cooling Central Air
Fireplace No
# of Stories 1

Exterior

Foundation Slab

Additional Information

Date Listed May 12th, 2021
Days on Market 51
Zoning RTR
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGULF SHORES REALTY

Listing Map

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