Advenir Venice Pointe

JLL is pleased to present the opportunity to acquire Venice Pointe (the “Property”), a ±39.8 gross acre site (consisting of ±29.5 upland acres) located within the rapidly growing and affluent city of Venice, FL (Sarasota MSA). Venice Pointe is located on the highly visible Knights Trail Road (8,500 VPD), in an upscale neighborhood where new-construction townhomes are selling in the $400,000-$500,000 range. The Property is within the San Marco PUD and has zoning allowing for a maximum density of ±13.6 units per acre. Seller has prepared two conceptual site plans for the development of: i) 308, 16’ and 24’ wide townhomes with 1- and 2-car garages and ii) 308, 20’ wide townhomes with 1-car garages. Seller will deliver to buyer a shovel-ready site (paper lots) by Q2 2025, based on the buyer's selected site plan.