Add to Favorites Add to Favorites
Add to Favorites
For Sale

$7,999,900

1111 AVENIDA DEL CIRCO
Venice, FL 34285

Sqft 54,496 sqft
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. Read More

Market Status
Available
Last Updated
September 11, 2021

Property Type
Commercial Property
Year Built
1983
Central Air
-
Exterior Construction
Brick; Concrete
Taxes
39278.7 (2020)
Property Type
Commercial; Mixed Use

Local Market Conditions

There are currently 116 properties for sale in the Venice, FL area with the average listing price of $527,521. This represents an increase of +2.7% over the previous week. The 2 bedroom homes saw the largest increase in the average listing price over the previous week with a +30.2% increase. To learn more about the Venice, FL area, contact a local expert!

Market Snapshot for Venice, FL

Avg. Listing Price

$527,521

Wk ending Sep 4

$+14,050

+2.7%

w-o-w

116

57

31

30

16

2

Average Listing Price for Venice, FL
No. BedroomsNo. Beds Week Ending
(Sep 4)
w-o-w Week Ending
(Aug 28)
Week Ending
(Aug 21)
Week Ending
(Aug 14)
All PropertiesAll $527,521 +2.7% $513,471 $524,087 $513,337
1 bedroom1 BR $77,338 -3.4% $80,088 $101,456 $104,345
2 bedrooms2 BR $327,226 +30.2% $251,311 $281,290 $304,997
3 bedrooms3 BR $516,759 -6.1% $550,150 $521,622 $466,251
4 bedrooms4 BR $920,129 +10.4% $833,475 $818,645 $751,155

Home loan
Need a Home Loan?
Take the first step to secure financing for your home.

Listing Provided By:

Daniel Charney

Gulf Shores Realty

Phone
This $7,999,900 Commercial Property at 1111 AVENIDA DEL CIRCO in Venice, FL is offered by Daniel Charney. This $7,999,900 Commercial Property, located in the 34285 zip code, has the following property features: Exterior Construction, Central Air, Taxes, Property Type. This 1111 AVENIDA DEL CIRCO Commercial Property is listed under MLS listing number A4500554 and has a listing price of $7,999,900. You can find more Venice homes for sale here.

Data Provided by Stellar MLS

More Information for this listing