$625,000

VENICE ISLAND DUPLEX WITH CONFIRMED DUPLEX REBUILD RIGHTS | GENEROUS 1/3-ACRE CORNER LOT | MINUTES TO BEACH & HISTORIC DOWNTOWN! Discover an exceptional opportunity to own a spacious 14,490-square-foot corner parcel on Venice Island, offering established rental income and exciting redevelopment potential! Zoned RMF1 (Residential Multi-Family), the property permits duplex use by right, and the City of Venice has confirmed in writing that the existing structure may be demolished and replaced with a new two-unit duplex, subject to applicable building regulations, permitting and approvals. Enjoy the income today while considering the possibilities for tomorrow! Situated on a quiet street just minutes from historic Downtown Venice, shopping, dining and beautiful Gulf beaches, this property is located in desirable Flood Zone X, with no reported history of flooding or storm damage. Built in 1953, the duplex offers two residences, each featuring two bedrooms, one bathroom and classic terrazzo flooring. A circular pebble driveway, magnificent mature oak tree and generous outdoor space lend the property its distinctive Old Florida charm. Currently income-producing, the property provides immediate rental income with opportunities to enhance its value through thoughtful improvements. The existing building would benefit from updates, including a future roof replacement and electrical improvements, making it an appealing prospect for investors seeking a renovation project or buyers considering an entirely new vision for the site. With its generous corner-lot configuration, established multifamily zoning and desirable Venice Island location, this property offers a compelling combination of land, income and future possibilities! The owners are also selling a second duplex nearby at 309 Parkside Dr, Venice — see other listing.