509 Cypress Avenue, Venice, FL 34285
- $740,000
- 8,684
- SqFt
- Sold Price
- $740,000
- List Price
- $799,000
- Status
- Sold
- Days on Market
- 219
- Closing Date
- Aug 28, 2023
- MLS#
- N6124063
- Property Style
- Industrial
- Year Built
- 1969
- Living Area
- 8,684
- Price per sq. ft.
- 92.01
- Lot Size
- 12,823
- Acres
- 0.29
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Venice Edgewood Rep
- MLS Area Major
- Venice
Property Description
Under contract-accepting backup offers. No Hurricane damage. Rare find and excellent location just 1 block from Venice Ave. Front 3 bays and offices are now rented as of May 1st for $3200 per month or $16 per sq ft to a long time auto service repair shop. The Surfers warehouse and the trailer repair to the left with the spray booth is leased back by seller at $12 per sq ft or $2,000 per month. The separate 3 rear bays consists of 3600 sq ft , has a bathroom and loft, loft is not included in sq ft, it is being left vacant for an end user but had several wanting to rent it for at least $12 per sq ft or $3600 per month. Current income is $5,200 per month however, If new owners rent the 3600 vacant portion the total income before property tax and insurance would be $8800+ per month. Prior owners used this for decades as an automotive repair and body shop and it has a certified paint booth with auto fire suppression. Use for income while running a business not to mention the street to street convenience. There's a front lobby, break room with kitchen, 2+ offices, 3 bathrooms and 6 stalls, one stall is higher for trucks and can fit 2 cars in just that one stall. There is also the self contained building with central air that houses the 2nd of 3 businesses which is shown in the center of the main picture called Surfers Warehouse. The 3rd business shown on the left is Weeks Trailers which has the carport and spray booth that was used to repair and construct new trailers, now leased back by seller. New owner can occupy the rear 3600 sq ft immediately as it is now vacant. The businesses are not included, this is the real estate only. Sold as is, seller will not make any improvements and is priced based on need of updates. Roof has been recently sealed. If your looking for a cash cow with huge future growth potential, you just found it.
/u.realgeeks.media/sarasotaone/logos/20180602-Sarasota-Real-Estate-Group-R.png)
Additional Information
- Taxes Annual
- $5764
- Location
- City Limits, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- ILW
- Heating
- Central, Electric, Wall Units / Window Unit
- Air Conditioning
- Central Air, Wall/Window Unit(s)
- Exterior Construction
- Block, Metal Frame, Metal Siding
- Roof
- Metal
- Foundation
- Slab
- Pool
- No Pool
- Flood Zone Code
- AE
- Parcel ID
- 0408010002
- Legal Description
- LOTS 2 & 3 & WLY 1.5 FT LOT 4 OR 1162-0530 BLK 206 REPLAT BLKS 206 & 208 EDGEWOOD SEC OF VENICE
Listing courtesy of SETTLES REAL ESTATE LLC. 941-685-3600
Selling Office: ENGEL & VOELKERS VENICE DOWNTOWN.Mortgage Calculator
StellarMLS is the source of this information via Internet Data Exchange Program. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale. Availability of any listing should always be independently verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited and may violate relevant federal and state law. Data last updated on