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Prime Live-Work Space Near Downtown Venice 236 Grove St S 6,404 SF Vacant Retail Building Online Auction Sale Venice, FL 34285
Matterport 3D Tours
Investment Highlights
- Flexible live-work retail and office property with a contemporary showroom, private offices, and a warehouse with two overhead doors.
- Businesses enjoy placement just minutes from the shops and restaurants of Downtown Venice and the beautiful shores of Venice Beach.
- Easily accessible from the US 41 bypass, with seven on-site parking spaces for employee and customer convenience.
- Within 3 miles, the growing population of over 51,000 makes up a valuable customer base that drove consumer spending of $1.4B during 2024.
Executive Summary
236 Grove Street comprises a versatile retail and office facility that offers a premier live-work opportunity near the heart of Venice, Florida.
Delivered vacant and spanning a total of 6,404 square feet across two floors, 236 Grove Street provides flexible configurations for a variety of commercial uses. The lower level includes a modern showroom that was renovated in 2023 with plank flooring and multiple glass-fronted private offices. It also connects to an open space at the rear of the facility, complete with two overhead roll garage doors, that can function as a garage, workshop, or warehouse. The upper level offers potential for two separate apartment units that can be used as a living space for a new owner, separate rental income, or converted to additional offices. Both floors are equipped with three restrooms for operational efficiency. Sitting on 0.17 acres, the building’s paved lot includes on-site parking for seven vehicles, with separate access points for the upstairs living area and storefront showroom.
A prime location just off the US 41 bypass situates businesses at 236 Grove Street in a high-traffic commercial hub, just minutes from Downtown Venice. The area sees strong customer traffic from the shops and restaurants downtown and busy destinations such as Venice Beach, Venice High School, and several nearby golf courses. Within just 3 miles of the property, the growing population of more than 51,000 brought more than $1.4 billion in consumer spending in 2024.
With retail vacancies in the local submarket sitting at just 3.7%, 236 Grove Street offers the perfect entry point for businesses seeking to avoid the high barriers to entry in this vibrant coastal hub.
Property tours are by appointment only. Please contact the listing broker to schedule.
Delivered vacant and spanning a total of 6,404 square feet across two floors, 236 Grove Street provides flexible configurations for a variety of commercial uses. The lower level includes a modern showroom that was renovated in 2023 with plank flooring and multiple glass-fronted private offices. It also connects to an open space at the rear of the facility, complete with two overhead roll garage doors, that can function as a garage, workshop, or warehouse. The upper level offers potential for two separate apartment units that can be used as a living space for a new owner, separate rental income, or converted to additional offices. Both floors are equipped with three restrooms for operational efficiency. Sitting on 0.17 acres, the building’s paved lot includes on-site parking for seven vehicles, with separate access points for the upstairs living area and storefront showroom.
A prime location just off the US 41 bypass situates businesses at 236 Grove Street in a high-traffic commercial hub, just minutes from Downtown Venice. The area sees strong customer traffic from the shops and restaurants downtown and busy destinations such as Venice Beach, Venice High School, and several nearby golf courses. Within just 3 miles of the property, the growing population of more than 51,000 brought more than $1.4 billion in consumer spending in 2024.
With retail vacancies in the local submarket sitting at just 3.7%, 236 Grove Street offers the perfect entry point for businesses seeking to avoid the high barriers to entry in this vibrant coastal hub.
Property tours are by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Matterport 3D Tours
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Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
Market Analytics Click Here to Access
Property Facts
Sale Type
Investment
Sale Condition
Auction Sale
Type of Ownership
Fee Simple
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,404 SF
Building Class
C
Year Built/Renovated
1963/2023
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.86
Lot Size
0.17 AC
Parcel Number
0408-08-0043
Zoning
SBI
Frontage
Amenities
- Security System
- Air Conditioning
- Smoke Detector
Bike Score®
Biker's Paradise (90)
About Sarasota
Sarasota has seen strong demand across all commercial real estate property types throughout the past decade, driving vacancy rates toward record lows and among the lowest in Florida. The area is Southwest Florida’s northernmost market located just south of Tampa Bay. Sarasota’s retail tenants have been sustained by strong population and job growth rates over the past five years. Tourism is a key pillar of Sarasota’s economy fueling the retail market. Sarasota-Bradenton International Airport, the largest in region, hit a traveler record in March 2023, when nearly 515,000 passengers traveled through the airport, up 15% year over year. Leisure- and hospitality-related employment makes up a large portion of the region’s employment base, accounting for nearly 15%.
Sarasota is the largest retail market in the Southwest Florida region, with over 53 million square feet. The region’s retail runs the gamut from beachside restaurants to major regional outlet malls. Landlords and owners have reaped consistently high rental growth rates, particularly over the past five years. This is primarily due to limited competition from sparse supply built during the past decade, a trend unlikely to change in the near term. Tenants also enjoy discounted rental rates compared to nearby larger markets such as Tampa and Orlando.
Demographics
Demographics
1 mile
3 mile
5 mile
2024 Population
9,904
51,555
91,389
2020 Population
8,448
44,143
79,499
2029 Population
11,554
60,111
106,331
2024-2029 Projected Population Growth
16.7%
16.6%
16.4%
Daytime Employees
9,777
23,560
39,282
Total Businesses
1,652
3,753
5,431
Average Household Income
$70,324
$86,732
$91,457
Median Household Income
$54,289
$63,895
$69,059
Total Consumer Spending
$141.4M
$783.6M
$1.4B
Median Age
70.3
67.0
65.6
2024 Households
5,454
26,771
46,088
Percent College Degree or Above
16%
20%
21%
Average Home Value
$285,095
$374,325
$373,976
$ values in USD
Nearby Major Retailers
Sale Advisor
Sale Advisor
Troy Robbins, Senior Partner, Chief Operating Officer
Troy is a 3rd generation Realtor with their company, Harry E. Robbins Associates, Inc. They have been a licensed Sales agent since May of 2006. Troy help buyers, sellers, and renters in Sarasota and Manatee Counties in Real Estate transactions. Their company, since opening in 1971, has been driven to help people during the entire process of their transaction. So whether you are buying, selling, renting, or investing in Real Estate, they are your go-to company.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
Read More
Auction Contact
Keisha Hartshorn
Contact
Auctioneer License:
Ten-X Commercial, LLC Vibhav Kapila RE Brkr CQ1063389
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000 USD
Maximum Transaction Fee
$300,000 USD
Example Calculation
Winning Bid Amount
$5,000,000 USD
Transaction Fee
$150,000 USD (3%)
Total Purchase Price
$5,150,000 USD
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Prime Live-Work Space Near Downtown Venice | 236 Grove St S
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