340 Tamiami Trl S - Hospitality FOR SALE


Venice, FL 34285- Venice/Englewood
$2,800,000 USD
941-287-7716
340 Tamiami Trl S, Venice, FL for Sale
$2,800,000 USD
Hospitality - FOR SALE
1/26
null | 11.79% Cap Rate

340 Tamiami Trl S
Venice, FL 34285
Venice/Englewood


HIGHLIGHTS

  • Three single-story buildings on a well-maintained lot — Located on the high-traffic Tamiami Trail corridor in Venice, Florida
  • Diverse unit mix — 7 king rooms, 7 two-bed units, 4 queen/sofa beds, 2 efficiencies, 1 manager suite
  • Minutes from Venice Beach and the Gulf Coast shoreline — a primary driver of year-round leisure demand
  • Strong in-place revenue with significant upside through operational improvements and revenue optimization
  • New TPO roofing installed across all three buildings in (2025)
  • Updated flooring throughout most units (2022)

OVERVIEW

Island Breeze Inn is a 21-unit, value-add hospitality property located along the high-traffic Tamiami Trail corridor in Venice, Florida just minutes from Venice beach.? The property consists of three single-story buildings on a well-maintained lot, offering investors a turnkey income-producing asset with strong in-place revenue and significant upside potential through operational improvements, revenue optimization, and a compelling short-term rental conversion opportunity.? Renovated in 2022/2025, the property features new TPO roofing across all three buildings and updated flooring throughout most units — substantially reducing near-term capital expenditure and deferred maintenance risk.? The diverse unit mix includes 7 king rooms, 7 two-bed units, 4 queen beds with sofa sleepers, 2 one-bedroom efficiency rooms, and a manager suite.? On-site amenities include a swimming pool and guest laundry facility.? Venice, Florida is a proven coastal leisure market drawing year-round visitors to its Gulf Coast beaches, world-famous shark tooth shoreline, and proximity to Sarasota's cultural corridor.? For the right buyer, Island Breeze Inn represents a rare opportunity to acquire a cash-flowing hospitality property and reposition it as a high-yield daily rental portfolio on Airbnb, Vrbo, and Booking.?com.? Short-term rental rates in this market typically run 2 to 3 times higher than traditional extended-stay models — with the pool, diversified unit mix, and manager suite already in place to support a full STR operation from day one.?

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$477 USD /SF

# OF ROOMS

21

PRICE/ROOM

$133,333 {currency}

CAP RATE

11.79%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Island Breeze Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,501 SF

ZONING

CG

APN/PARCEL ID

0408-14-0003,0408-14-0012

ASK ABOUT THIS PROPERTY

Isaiah MillerHarry E. Robbins Associates, Inc.More Info
941-287-7716

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Isaiah MillerHarry E. Robbins Associates, Inc.More Info
941-287-7716

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