509 CYPRESS AVENUE, Venice, FL 34285

  • $799,000
509 CYPRESS AVENUE, Venice, FL 34285
Closed

509 CYPRESS AVENUE, Venice, FL 34285

509 CYPRESS AVENUE, Venice, FL 34285
  • $799,000

Overview

Property ID: N6124063
  • Industrial, Commercial Sale
  • Property Type
  • 8684
  • Sqft
  • 1969
  • Year Built

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.

  • Address 509 CYPRESS AVENUE
  • City Venice
  • State/county FL
  • Zip/Postal Code 34285
  • Area VENICE EDGEWOOD REP
  • Country US

Details

Updated on August 29, 2023 at 9:09 pm
  • Property ID: N6124063
  • Price: $799,000
  • Property Size: 8684 Sqft
  • Land Area: 0.29 Acres
  • Garage Size: x x
  • Year Built: 1969
  • Property Type: Industrial, Commercial Sale
  • Property Status: Closed
  • MLS#: N6124063

Additional details

  • Listing Terms: Cash
  • Roof: Metal
  • Sewer: Public Sewer
  • Cooling: Central Air,Wall/Window Unit(s)
  • Heating: Central,Electric,Wall Units / Window Unit
  • County: Sarasota
  • Property Type: Commercial Sale

360° Virtual Tour

Mortgage Calculator

Monthly
  • Down Payment
  • Loan Amount
  • Monthly Mortgage Payment
  • Property Tax
  • Home Insurance
  • PMI
  • Monthly HOA Fees
$
%
%
%
$
$
%

Contact Information

View Listings
esporeal
  • esporeal

Enquire About This Property

0 Review

Sort by:
Leave a Review

Leave a Review

Compare listings

Compare
esporeal
  • esporeal