600 Bird Bay Dr W, Venice, FL 34285

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Leon R Delieto Jr P.

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Building Details:

• Year Built: 1973

600 Bird Bay Dr W is an office property for lease in Venice, FL.

Held by the current owner for just over 17 years, this well located and maintained office/restaurant plaza is now being offered for sale. With the Legacy Trail pedestrian overpass flanking its northern boundary, this single 4.26 acre parcel sits prominently at the entry of the Bird Bay subdivision and boasts 663 linear feet of frontage along the US 41 Bypass in Venice. Based on the asking price of $6,800,000, your investor can enjoy a net annual income of $464,813 or a 6.8% return (cash on cash). The anchor tenant NDR, Inc and Bird Bay Realty both have 5 years remaining on the respective leases with the Pavilion Grill's lease expiring mid-2018. In addition, there is currently a 4027 SF space vacant and available for value add. The vacant space is currently demised as office, but retail use would be well suited for this space.

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