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Mixed Use - Retail Space & 2 Apartments

Ref : CBC140402

Address :

633 E Venice Ave
Venice, FL 34285
Sarasota

Details :

Price $ 329,000
Building Size (RSF) 3,000 Sq. Ft.
Number of units 3
Number of buildings 1

Property Overview
Great Investment or live/work property near the intersection of East Venice Ave and Rt 41 Bypass. Directly across the street from Bogey's Restaurant and Sports Pub.
Retail space on the ground floor and 2 one bedroom apartments on the second floor. All fully rented. Annual Gross Income- $28,200; Annual Expenses- $5,000; Annual NOI- $23,200
At rear of property is the lovely Ruscelletto Park and the newly-constructed Venetian Walk senior Apartment Homes (61 units in Phase I).

Financials
Finance Data Year:     2013
Real Estate Taxes - Annual($):     $1,543 (Annual)
Potential Rental Income:     $28,200 (Annual)
Net Operating Income:     $23,200 (Annual)
Lender Name:     Florida Shores Bank

Additional Details
Nearest MSA:     North Port-Sarasota-Bradenton
County:     Sarasota
Tax ID Number/APN:     0408010117
Property Use Type:     Investment
Zoning:     CI/COMMERCIAL
Tenancy:     Multiple Tenants
Percent Occupied:     100%
Market Type:     Medium
Retail Clientele:     General
Side of Street:     North
Road Type:     Paved
Property Visibility:     Excellent
Largest Nearby Street:     Rt 41 Bypass
Feet of Frontage:     25
Transportation:     Highway
Highway Access:     Take Rt 41 Bypass to East Venice Ave. Head West a short distance to #633
Site Description:     Row of local businesses adjacent to an area park and the newly constructed Venetian Walk senior Apartment Homes.
Area Description:     Just moments to the Isle of Venice or to I-75
Total Number of Buildings:     1
Number of Stories:     2
Typical SF / Floor:     1,500 SF
Property Condition:     Good
Year Built:     1926
Year Renovated:     1960
Roof Type:     Flat
Construction/Siding:     Stucco
Exterior Description:     Stucco on Concrete
Parking Type:     Surface
Parking Description:     4 Designated spaces in rear of building, plus on-street parking in front of building.
Heat Type:     Electricity
Heat Source:     Central
Air Conditioning:     Other
Interior Description:     First floor retail tenant - furniture refinishing Two one-bedroom apartments on second floor
Zoning Description:     CI/Commercial
Lot Frontage (Feet):     25
Lot Depth:     125
Topography:     Level
Easements:     Utilities
Legal Description:     Lot 8, Blk 207, Edgewood section of Venice, plat book 0002, page 0166, PID # 0408010117

Map :

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