3480 Laurel Rd
North Venice, FL 34275
Approved 100-Room Hotel Site · Land For Sale · 2.30 AC

PROPERTY HIGHLIGHTS: • Proposed 101-Room, 5-Story, Comfort Inn & Suites by Choice Hotels • 5-Mile Protected Area Radius Prohibiting New Construction of a Comfort Inn, Comfort Suites, or Comfort Inn & Suites • 21 Units Approved for Extended Stay • 2.26+/- Acres Situated Directly off of Interstate 75 with High Visibility • Architectural Building Plans Anticipated Completion August 2023 • Civil Plans Ready To Submit For Municipal Permits • Large-Scale Hospital - Immediately Adjacent to the Subject Property • Opportunity to Potentially Secure Lucrative Hotel-Partnership Opportunities with Local Businesses and Medical Centers LOCATION HIGHLIGHTS: • Less Than a Mile to Sarasota Memorial Hospital Venice, a 365,000-square-foot, 5-story hospital with 110 private patient suites opened in November 2021. Construction on the 102-bed expansion tower is underway and scheduled to open in summer 2024, almost doubling capacity from 110 beds to 212 beds. • 1.7 Miles to PGT Industries Headquarters • 2.5 Miles to Tervis Tumblers Headquarters • 3.6 Miles to Fox Lea Farm • 5.6 Miles to Venice Regional Bayfront Health • 6.3 Miles to Venice Beach • 7.2 Miles to Venice Municipal Airport FINANCIAL HIGHLIGHTS: • List Price of $2,500,000 • Significant Upward Trend in Competitive Property Revenues • Projected Year 2 NOI of $1,114,949