$4,350,000

330 Tamiami Trail N, Nokomis, FL 34275

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$4,350,000

330 Tamiami Trail N Nokomis, FL 34275

For Sale MLS# A4563540

684 sq ftCommercial

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Data current as of 23/04/2024 02:31:13

Details for 330 Tamiami Trail N

MLS# A4563540

Description for 330 Tamiami Trail N, Nokomis, FL, 34275


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.

Listing Information


Property Type: Commercial

Status: Active

Lot Size: 2.40 Acres

Square Feet: 684 sq ft

Year Built: 1953

Stories: 1 Story

Construction: Block

Construction Display: New Construction

Subdivision: Addys Nokomis Villas

Foundation: Slab

County: Sarasota

Construction Status: New Construction

Interior Features


Additional Interior Features: Furnished

Utilities


Cooling: Central Air

Exterior / Lot Features


Parking Description: Parking Space(s)

Roof: Shingle

Lot Dimensions: 200x549x167x589

Additional Exterior/Lot Features: Landscaped

Out Buildings: Garage(s), Storage

Driving Directions


I-75 to exit 195/Laurel Road; East to Tamiami Trail; South from Laurel Road; property on the left/East side of 41 just North of Albee Road leading to the beaches.

Financial Considerations


Tax/Property ID: 0171011017

Tax Amount: 20569

Tax Year: 2022

Price Changes


$4,350,000 Original Price
$4,350,000 Current Price
$0Total Change
Date Price Change
02/28/2024 05.47 PM $4,350,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

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Schools nearby 330 Tamiami Trail N

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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger® Rating

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