1111 Avenida Del Circo, Venice, FL 34285
- $8,000,000
- 54,496
- SqFt
- Sold Price
- $8,000,000
- List Price
- $7,999,900
- Status
- Sold
- Days on Market
- 408
- Closing Date
- May 15, 2026
- MLS#
- A4500554
- Property Style
- Mixed Use
- Year Built
- 1983
- Living Area
- 54,496
- Price per sq. ft.
- 146.8
- Lot Size
- 224,504
- Acres
- 5.15
- Total Acreage
- 5 to less than 10
- MLS Area Major
- Venice
Property Description
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.
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Additional Information
- Taxes Annual
- $50867
- Community Features
- No Deed Restriction
- Zoning
- RTR
- Air Conditioning
- Central Air
- Exterior Construction
- Brick, Concrete
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- X, X500
- Parcel ID
- 0430090009
- Legal Description
- COM AT SW COR OF SE 1/4 OF SEC 18-39-19, TH N 89-48 E 1750.6 FT TH N 00-03 E 320.15 FT FOR POB TH N 00-03 E 614.8 FT TH S 46-44-55 E 605.06 FT TH S 00-06 W 200.1 FT TH N 89-57 W 100 FT TH S 00-06 W 133 FT TH W 240.77 FT TH N 00-03 E 132.8 FT TH W 100 TO POB, ALSO COM AT SW COR OF SE 1/4 OF SEC 18-39-19, TH N 89-48 E 1750.6 FT TH N 00-03 E 186.9 FT FOR POB TH N 00-03 E 133 FT TH S 89-57 E 100 FT TH S 00-03 W 133 FT M/L TH N 89-57 W 100 FT TO POB, LESS R/W DESC IN OR 2595/680, CONTAINING 5.1 C-AC M/L
Listing courtesy of GULF SHORES REALTY. 941-488-6644
Selling Office: KW COASTAL LIVING.Mortgage Calculator
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