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: |
4/5/2021 |
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.
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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
|
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 |
|
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