RE-DEVELOPMENT - Office/Medical Professional Center

Office for Sale
Also listed as Retail-Commercial, Shopping Center
Catylist Listing ID: 30354390
Property Subtypes: Mixed Use, Office Building
Building Size (RSF): 29,446 SF
Gross Building Area: 38,286 SF
Gross Land Area: 3.51 Acres
Sale Price: $2,999,000
Unit Price: $101.85 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Class of Space: Class C
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/19/2022

Overview / Comments

Fountain Professional/Medical Office Building is a Class C office, owner user/investment opportunity located in Venice, Florida. The property consist of a two-story building located on 3.51 acres of land with plenty of surrounding parking. The building was constructed in 1986 with concrete block and features a stand alone elevator with windows in front of a fountain. The building usable size is 29,446 sf with 12 units ranging from 745 sq.ft to 6,907 sq.ft in size. The owner user and/or investor has the ability to re develop the property to a retail use capitalizing on the gross square footage of 38,286 sf increasing the potential income stream. Build to suit could be an option. The purchase includes a .61 Acres of vacant land on the Northwest corner of the property. The property is situated across Village from the Isles - 100 million expansion project housing 400 residence and 280 support staff, completed in 2019. Just 1 mile North from Venice Regional Medical Center, across the street from the Venice Municipal Airport. Easy access on South Tamiami Trail with 171 parking spaces, includes 8 ADA parking spaces. Fountain Professional Office represents an investment opportunity in a high-growth submarket with flexible ownership structure to operate as an Owner/User or re-develop for a stabilize up and coming investment.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 0430080007
Zoning: CN
Property Located Between: On US-41 Buisness N/S Tamiami Trail 1.5mile US 41 Bypass South
Property Visibility: Excellent
Highway Access: US-41 Buisness N/S Tamiami Trail
Airports: Venice Municipal Airport
Site Description: 3.61 acres of land with plenty of surrounding parking
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 14,723 SF
Year Built: 1986
Roof Type: Flat
Construction/Siding: Stucco
Parking Ratio: 4.3 (per 1000 SF)
Parking Type: Surface
Total Parking Spaces: 171
Passenger Elevators: 1
Zoning Description: Neighbor Commercial - NC
Lot Frontage: 205 Feet
Lot Depth: 437 Feet
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 0430-08-0007 0430-09-0007

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,684 44,272 66,229
Median Age: 63.05 60.87 60.28
Households: 3,148 23,060 33,920


Photograph of Listing Agent

Daniel Nelson

RE/MAX RealTec Group
CE-FL Member
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