601 US HIGHWAY 41 BYPASS S
About This Property
The property is positioned between E Venice Avenue and Center Road, placing it within close proximity to Venice Island, nearby residential areas, retail centers, restaurants, service businesses, and other commercial destinations. Its central location supports convenient access from multiple parts of Venice and the surrounding area.
As a corner lot, the parcel offers a noticeable presence and added positioning advantages for future development, subject to applicable zoning and municipal approvals. The CG zoning designation may support a range of business and development concepts, making this property an appealing option for investors, builders, and business operators seeking a well-located commercial site.
This is a rare chance to secure a sizable commercial parcel in a highly visible Venice location with strong surrounding activity and long-term potential. Buyer is responsible for verifying zoning, land use, permitted uses, utilities, traffic counts, access, environmental conditions, and development requirements with the City of Venice and all applicable agencies.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2026 | Price Decreased |
$999,000
↓ $51K
(4.9%) | |
| Price Decreased | |||
| Apr 3, 2026 | Price Decreased |
$1,050,000
↓ $45K
(4.1%) | |
| Price Decreased | |||
| Sep 30, 2025 | Price Decreased |
$1,095,000
↓ $95K
(8%) | |
| Price Decreased | |||
| Feb 12, 2025 | Price Decreased |
$1,190,000
↓ $60K
(4.8%) | |
| Price Decreased | |||
| Nov 2, 2024 | Listed by NEXTHOME SUNCOAST | $1,250,000 | |
| Listed by NEXTHOME SUNCOAST | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017