500 W Venice Ave., Venice, FL 34285

Prime one-half acre+ on Venice Island, zoned RMF 4 for possible construction of 11-unit residential building.Likely to become the newest Venice landmark, it is located in the historic district, forming the gateway from downtown retail center to the majastically treed Venice Avenue residential sector. This large corner parcel is one block west of Harbor Drive, next to municipal tennis courts and just 2 blocks east of the Gulf of Mexico. It may be purchased at the listing price of $1.5M for the existing 8-unit apartment which is well-run and in excellent condition with very high occupancy rate. Or the owner willsell a ready-to-build package including complete builders plans, approvals and permits for $2.8M. Owner may also consider other creative approaches such as partial owner finance, joint venture or contract for deed.