Residential Land for Sale in Venice, Florida

Under contract-accepting backup offers. This 7.3 acre property is a single-family home consisting of three bedrooms, two baths and a one-car garage. It is in Sarasota County and zoned OUE, open use estate. It was built in 1978 and it includes a pole barn and workshop-outbuildings and fenced riding area. It has been a one family home for over 46 years. However, this property is now adjacent to City of Venice properties and therefore can be annexed into the City of Venice and rezoned for another use besides open use estate.

Ideally, the property once annexed into the city of Venice, can be rezoned to multifamily residential which would allow up to 91 multi-family units. Due to its location just 1/4 mile from Jacaranda Boulevard and I-75 interchange other zoning uses are also possible.

The annexation and rezoning process is fairly complex and somewhat lengthy. The value of this property is in its future land use designation.