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201 Center Rd 15,274 SF 100% Leased Office Building Venice, FL 34285 $5,500,000 ($360.09/SF) 6.07% Cap Rate
Investment Highlights
- Fully leased office building with 2023 renovations
- Zoned OPI, ideal for professional and institutional uses
- Strong tenant mix including law and healthcare professionals
Executive Summary
Introducing an exceptional opportunity for office building investors. This prime property offers a 15,274 SF building with 3 units, meticulously renovated in 2023
and currently enjoying full occupancy. Boasting a strategic location in the Venice area and zoned OPI, the property presents a secure investment with significant potential. Built in 1990, the building combines modern functionality with enduring quality, making it an attractive prospect for those seeking a stable and lucrative investment in the thriving office market. This is a rare chance to acquire a fully occupied, well-maintained property in a sought-after location with strong rental demand and promising future returns.
and currently enjoying full occupancy. Boasting a strategic location in the Venice area and zoned OPI, the property presents a secure investment with significant potential. Built in 1990, the building combines modern functionality with enduring quality, making it an attractive prospect for those seeking a stable and lucrative investment in the thriving office market. This is a rare chance to acquire a fully occupied, well-maintained property in a sought-after location with strong rental demand and promising future returns.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
15,274 SF
Building Class
B
Year Built
1990
Price
$5,500,000
Price Per SF
$360.09
Cap Rate
6.07%
NOI
$334,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,637 SF
Building FAR
0.21
Lot Size
1.70 AC
Zoning
OPI - Office Professional Institutional
Parking
69 Spaces (4.52 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 0428-15-0008 | Improvements Assessment | $1,585,900 |
| Land Assessment | $1,165,500 | Total Assessment | $2,751,400 |
Property Taxes
Parcel Number
0428-15-0008
Land Assessment
$1,165,500
Improvements Assessment
$1,585,900
Total Assessment
$2,751,400
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201 Center Rd
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