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 |
| Square Footage | 54,496 |
| Acres | 5.15 |
| Year Built | 1983 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Pending |
Listing Details
| Office | GULF SHORES REALTY |
|---|
Listing Map
Neighborhood Information for 1111 Avenida Del Circo
Low Residential Turnover, Coastal Area
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
|
Student Leadership Academy Public - 6Th Grade to 8Th Grade |
0 Miles | |
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Venice Senior High School Public - 9Th Grade to 12Th Grade - Closest High School |
1 Miles | |
|
|
Venice Elementary School Public - Kindergarten to 5Th Grade - Closest Elementry School |
1 Miles | |
|
Epiphany Cathedral School Catholic - Preschool to 8Th Grade - Closest Middle School |
2 Miles | |
|
|
Sky Academy Venice Public - 6Th Grade to 8Th Grade |
2 Miles | |
|
|
Sky Academy Englewood Public - 6Th Grade to 8Th Grade |
2 Miles | |
|
Garden Elementary School Public - Kindergarten to 5Th Grade |
2 Miles |
School data provided by GreatSchools