229 W Venice Ave - Retail FOR SALE


Venice, FL 34285- Venice/Englewood
$17,500,000 USD
813-391-1545
229 W Venice Ave, Venice, FL for Sale
$17,500,000 USD
Retail - FOR SALE
1/21
null | 5.05% Cap Rate

229 W Venice Ave
Venice, FL 34285
Venice/Englewood


HIGHLIGHTS

  • 100% Leased Commercial Buildings
  • Commercial & Residential Tenants (15 Apartments
  • Seller Financing Offered to Qualified Purchasher

OVERVIEW

This offer is a portfolio of commercial/residential properties located on West Venice Ave, a well-known section of Venice Florida. With an abundance of shopping, restaurants and entertainment, West Venice Ave attracts thousands of visitors annually. The properties included in this portfolio are fully leased with long-term, reputable and some nationally recognized tenants to include: • TJ Carneys Restaurant/Bar & Entertainment • Kilwin’s Chocolate & Ice Cream Shoppe • Made In Italy Italian Restaurant & Bar • Bushido Sushi Restaurant • Dana Tyler Jewelry • Captains Landing Clothing Complete tenant base includes 16 commercial tenants and 15 residential tenants. El Patio Hotel: One of the properties is the El Patio Hotel, that once operated as a famous hotel back in the 1920’s. Today it houses 15 residential tenants but an option for a new owner would be to re-establish the hotel business. Seller Financing: Offered to qualified purchasers. Interest Rate and Terms are TBD

FOR SALE DETAILS

PRICE

$17,500,000 USD

PRICE/SF

$700 USD /SF

CAP RATE

5.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Commercial Portfolio! Seller Financing!

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,500 SF

ZONING

CBD

APN/PARCEL ID

0408-04-0054

ASK ABOUT THIS PROPERTY

Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

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Benny SpensieriCRES Corp International, LLCMore Info
813-391-1545

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.