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330 Tamiami Trail N

Nokomis, FL 34275
  • $4,350,000
  • STATUS: Active
  • ON SITE: 402 Days
  • MLS #: A4563540
$4,350,000
  • 0
    BEDS
  • 2.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 684
    SQFT
  • $6,360
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1953
County:

School Ratings & Info

Description

Located approximately 2 miles from Gulf of Mexico beaches Addy's Villas is a prospering vacation rental business. Nokomis is a charming coastal community situated on the Gulf of Mexico, offering easy access to beautiful beaches, boating opportunities, and a variety of restaurants. For those interested in boating, Nokomis offers access to the Intracoastal Waterway, allowing visitors to explore the picturesque water channels, go fishing, or embark on boating excursions. The nearby Dona Bay and Roberts Bay also provide excellent opportunities for kayaking and paddleboarding. Many use options including: commercial, mixed use, office, multi-family, storage, vehicle/RV condos, and current use as vacation rentals with ability to expand number of units. Trip Advisor ratings are 5.0 with many reviews. Strong positive reviews on other websites too. Local area includes a wide variety of restaurants, Venice Island shopping, golf courses, boating opportunities, fishing, 2 state parks, The Legacy Trail for hiking and biking, Venice Little Theatre, plus much more. Property includes: 10 Villas, 2 Cottages, 1 Studio, 3 Efficiencies, workshop and 4 Bedroom 2.5 Bath owner's quarters. Amenities include: Heated swimming pool, picnic/grilling area, laundry (free to guests), free wi-fi, cable tv, and free parking. Efficiencies have kitchenettes and all other accommodations have full kitchens, ideal for vacation rental/ air bnb marketplace. Property is being sold at a capitalization rate of 6 with the owners 2,026 square foot, 4 bedroom, 2.5 bathroom, 2 stall garage home not currently being rented (not included in cap rate). One unit is rented annually at a below market rate; the on-site manager unit is not being rented. There are strong 2023 advance bookings! The property also has a potential to be modified to include additional units as per the Nokomis Revitalization Plan. Units are licensed as hotel/motel and as condominiums, so selling units individually is also an option. Huge growth in area, repeat clientele, great upside potential and diverse operational opportunities. Property is located outside of the 500 year flood zone. See property website for additional photos and information. We have a full team of professionals familiar with the property and willing to discuss option and modification possibilities. Owner financing at below market rate possible with 1/3 down.

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© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-03T23:47:57.667.
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330 Tamiami Trail N Nokomis, FL 34275

  • Price: $4,350,000
  • Status: Active
  • On Site: 402 Days
  • MLS #: A4563540
0
Beds
0
Baths
0
½ Baths
2.4
Acres
684
SQFT
$6,360
$/SQFT
1953
Built
Neighborhood:
Addys Nokomis Villas
County:
Sarasota
Area:
Nokomis/North Venice
Property Description
Located approximately 2 miles from Gulf of Mexico beaches Addy's Villas is a prospering vacation rental business. Nokomis is a charming coastal community situated on the Gulf of Mexico, offering easy access to beautiful beaches, boating opportunities, and a variety of restaurants. For those interested in boating, Nokomis offers access to the Intracoastal Waterway, allowing visitors to explore the picturesque water channels, go fishing, or embark on boating excursions. The nearby Dona Bay and Roberts Bay also provide excellent opportunities for kayaking and paddleboarding. Many use options including: commercial, mixed use, office, multi-family, storage, vehicle/RV condos, and current use as vacation rentals with ability to expand number of units. Trip Advisor ratings are 5.0 with many reviews. Strong positive reviews on other websites too. Local area includes a wide variety of restaurants, Venice Island shopping, golf courses, boating opportunities, fishing, 2 state parks, The Legacy Trail for hiking and biking, Venice Little Theatre, plus much more. Property includes: 10 Villas, 2 Cottages, 1 Studio, 3 Efficiencies, workshop and 4 Bedroom 2.5 Bath owner's quarters. Amenities include: Heated swimming pool, picnic/grilling area, laundry (free to guests), free wi-fi, cable tv, and free parking. Efficiencies have kitchenettes and all other accommodations have full kitchens, ideal for vacation rental/ air bnb marketplace. Property is being sold at a capitalization rate of 6 with the owners 2,026 square foot, 4 bedroom, 2.5 bathroom, 2 stall garage home not currently being rented (not included in cap rate). One unit is rented annually at a below market rate; the on-site manager unit is not being rented. There are strong 2023 advance bookings! The property also has a potential to be modified to include additional units as per the Nokomis Revitalization Plan. Units are licensed as hotel/motel and as condominiums, so selling units individually is also an option. Huge growth in area, repeat clientele, great upside potential and diverse operational opportunities. Property is located outside of the 500 year flood zone. See property website for additional photos and information. We have a full team of professionals familiar with the property and willing to discuss option and modification possibilities. Owner financing at below market rate possible with 1/3 down.
Exterior Features

Adjoining Property CommercialResidential Construction Materials Block Foundation Details Slab Lot Size Dimensions 200 x 549 x 167 x 589 Other Structures Garage(s)Storage Parking Features 1 to 5 Spaces Road Frontage Type Divided HighwayMain ThrorughfareState RoadTurn Lanes Road Surface Type Concrete Roof Shingle Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Building Area Total 14947 Cooling Central Air Cooling YN Yes Levels One Stories Total 1

Property Features

Flood Zone Code AE New Construction Yn No Ownership Corporation Pets Allowed Yes - See Condo Docs Property Condition Completed Property Sub Type Hotel/Motel Special Listing Conditions None Tax Annual Amount 20569 Total Annual Fees 0 Total Monthly Fees 0 Zoning RMF1


Listing information © 2024 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of FLORIDA HOME TEAM LLC: 941-486-0012.



© 2024 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2024-04-03T23:47:57.667.
 
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