$1,150,000 Est. $4,090 / mo.*

1746 S Tamiami Trail Venice , FL 34293

Courtesy of FLORIDA SUN & SAND REALTY.

Description

19,000 Sqft lot
0.44 Acre lot
Status: Active
Property Type: Mixed Use
Year Built: 1956
Days on Website: 64
Income generating property perfect for redevelopment. 9 Unit Apartment Complex in high visibility Venice location on US41 directly across from Lowe's and Carrabba's. Tommy's Car Wash and Jimmy John's currently under construction 1 lot away. Zoned Commercial General with a possible higher and better use, ready for buyer’s vision. Currently grandfathered in as legal apartments. Property is just under 1/2 acre (19,000 Sq Ft) with 100 Ft of highway frontage. Main house plus 2 buildings with 4 apartments each. Units are fully occupied with monthly gross rent of $7,400. Main house is 1Br/1Ba with a full kitchen. The 8 apartments are efficiencies and do not have full kitchens. Currently on well and septic with water and sewer connections nearby. All 3 buildings are in need of TLC, but solidly constructed. Snowbirds might consider rehabbing the main house for themselves as a winter retreat and turning the 8 units into bungalows for their friends. Property is not in a flood zone.

Property Details and Features

Contact an Agent

Lee Brewer

(941) 308-3877 (941) 724-3448