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Description

1.83 Acres on the island of Venice. The property has been rezoned from OPI to RMF-4 and is approved for a 26 unit townhouse project. The location is very desirable. Walk to the Venice Art Center, the new Venice Community Center, library, hospital and Publix Shopping Center. The lot is a short stroll to Historic Downtown Venice which features great shops, restaurants and entertainment. The town homes will be THE PLACE to live on the island when completed. A GREAT INVESTMENT! The demolition has been completed. The lot is prepped for site work and construction. Walk or bike to the follow: Venice Beach Sharky's on the Pier Legacy Bike Trail Venice Fishing Pier Historic Downtown Venice *Projected sales price of each unit is $650,000 for 3000 SF *gradual increases of 5% as sales proceed. *total sales estimate is from $17,000,000 to $19,000,000 *comparable townhouses on the island listing for $1.4 million *The project should have brisk sales at these prices.

437 Nokomis Ave

  Venice

Name FL

Community Venezia Park

  Acreage/Land

 

Price $ 3,995,000

Land Size 78900

Status For Sale