owner financing home - Venice, FL - a commercial property

What an opportunity for improvement!This 10,000 SF building is 100% occupied by longterm tenants paying historical rental rates PLUS furthe developable/income producing potential from the site.There's three phase power (240v), 6 x overhead doors, 16 ft ceiling height and compressor lines available.Moving rents up to current market levels would increase the cap rate from 5% to around 6% from historic tenants. As the building is located along the SE flank of the site there's also additional space on the lot that could be used for Parking for rv and/or mini storage, amongst others, subject to planning permission.Great visibility, a new roof in 2007, repainted in 2014, with three phase power and vaulted ceilings make this an attractive proposition for someone willing to roll up their sleeves.Bring an offer!All info regarding the property, including but not limited to financial info and projections (e.g., cap rates and valuations) are based on info from a variety of sources including but not limited to public records and owner-provided data. While details is believed accurate, neither the listing agent or broker make any representation or warranty as to its completeness, and you shoul...

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

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Property Info
Property ID208976985
CountySarasota
Living Area (sqft)10,000
Property TypeCommercial

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