Pending

330 TAMIAMI TRL N

NOKOMIS FL, 34275

$4,350,000


$6,359.65 per sqft

Pending

684 sqft

Commercial

Built in 1953

Under contract-accepting backup offers. 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.

A4563540

MLS ID

March 11, 2023

Listed

July 14, 2024

Updated

Map

330 TAMIAMI TRL N
NOKOMIS FL, 34275

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

2.4 Acres


Roof

Shingle

Other Property Details

Area Name

34275 - Nokomis/North Venice


Taxes

$20,569


Tax Frequency

Annually


Days on Market

408


Garage

No


Parking

Parking Spaces - 1 to 5


View

No


County

Sarasota


Municipality

38


Pool

No


Zoning

RMF1


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

6/21/2024

Pending

Listed by FLORIDA HOME TEAM LLC
Listing Contact: 941-486-0012 

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Data last updated 7/14/2024, 6:00 AM UTC

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