Location Summary

• Sarasota County - FL Summary Venice is located in Sarasota County which is located on the Gulf Coast at the apex of Central and Southwest Florida. The metro is well-known as a tourist destination due to its world class beaches and variety of nightlife and cultural attractions. Sarasota is also home to a large, vibrant, and active retail sector, fueled not only by the strong tourism, but also by one of the nation's strongest population growth rates. The Sarasota metro area includes the entirety of both Manatee and Sarasota counties, with the overwhelming bulk of all retail buildings (nearly 86%) located near the coast in Bradenton and Sarasota. Venice is the principal city of the North Port- Sarasota-Bradenton MSA. Located approximately 70 miles south of Tampa and 100 miles north of Naples, Venice is known for its large snowbird population. The city has a total area of 16.81 square miles, 1.37 square miles or 8 percent, of which is covered by water. The main airport that serves Sarasota County is the Sarasota-Bradenton International Airport. Venice Municipal Airport is a general aviation airport in Venice. Tampa International Airport is located approximately 76 miles north of the subject with a travel time of approximately 75 minutes. Southwest Florida International Airport is located approximately 71 miles south of the subject with a travel time of approximately one hour. Interstate 75 is a north/south limited-access freeway that runs through Sarasota County. It is a major highway connecting the area to Tampa to the north and Ft. Myers and Naples to the south. U.S. Downtown Venice... City on the Gulf. Home to over 100 unique and independently owned stores and restaurants, Venice holds an ambiance and charm that is unmatched in Florida. Beyond the shopping and dining, visitors find shady Oak and Banyan-lined avenues, palm trees swaying in the Gulf breezes, miles of pristine beach, parks dotted throughout the City, and an active arts and culture scene. Venice is a very bicycle-and-pedestrian-friendly community. Venice is also home to one of Florida's few dog beaches! If you enjoy the holiday season, Venice is the place to spend it. The Avenues are all decorated, and City Hall displays "light sculptures" from Thanksgiving through the new year.
• The Cassariano Building at 311 W Venice Ave. Venice FL is offered for Sale/Leaseback to a select set of investors. This offering at $4.35M (Real Estate only) represents a unique opportunity to own one of the most sought-after properties in downtown Venice Fl. The Island of Venice is enjoying a tremendous renaissance. Demographics support the continued growth due in large part to the "Baby Boomer" effect. According to the AARP, 10,000 baby boomers are turning 65 every single day, and this is expected to continue into the 2030s. This property is in the heart of the most sought after block in downtown Venice making this an attractive long term investment for any investor or owner/operator. The building at 311 W Venice Ave is a fully leased mixed use retail and residential asset. The property has gone through a major renovation in excess of $1M including complete facade restoration, ADA facilities, all new HVAC, plumbing, electrical, hurricane windows, exposed HVAC in retail portion etc. The retail component on ground level consists of 2 units; Cassariano's Italian Eatery and B&B Bootery Shoe Store. Cassariano's is recognized as one of the finest restaurants in the entire state of Florida. B&B Bootery is a well established high end retail store in business over 20 years. The second level consists of 8 fully leased efficiency apartments. With a diversified income stream 311 W Venice is an attractive investment for any investor wanting a premium property in a high demand area, with rents that dramatically outpace the market. The owners operate the restaurant, and are willing to enter into a long term lease with an attractive return. Other units are under market and provide an opportunity for increase rental rates.