Price Reduced 5.89%
Price History
$849,000
12/8/2025
$799,000
2/5/2026
210 ALBEE ROAD W, Nokomis, FL, 34275
0 beds
1972
4,608 sqft
Under contract-accepting backup offers. This rare coastal multifamily opportunity offers strong value-add potential in the highly sought-after Nokomis–Venice corridor, just off U.S. 41 (Tamiami Trail)—one of the region’s busiest commercial and residential corridors. The property currently consists of four units across two concrete-block buildings on a 14,130 sq. ft. lot, with flexible RMF-3 zoning that allows for expansion to a total of six units. Existing layouts include a mix of two 2BD/2BA and two 3BD/2BA units, with the potential to create four 1 BD/1BA units through strategic renovation or redevelopment. Recent capital improvements—new roofs, multiple AC systems, renovated kitchens, and full connection to public water and sewer (2022)—significantly reduce near-term expenses and position the property for immediate income growth. Current rents are approximately $200 below market, and occupancy stands at 50%, offering substantial upside. Durable concrete-block construction, potential in-unit laundry, patios/balconies, and central AC enhance long-term tenant appeal. The property’s prime location delivers high visibility and convenient access to Nokomis Beach, Venice Island, I-75, and major Sarasota employment centers, drawing a broad and steady renter base. Importantly, only one of the two buildings has been fully renovated, leaving additional value-add potential through upgrades to the second building—as well as the ability to increase density under existing zoning. This investment represents a rare chance to acquire a coastal multifamily asset in a supply-constrained, high-demand rental market, with both near-term income upside and long-term appreciation potential—plus the unique opportunity to expand from four units to six.
Status:
Pending
Type:
Multi-family
Laundry Remarks:
Inside
Units:
4
Subdivision:
NOKOMIS
Heating:
Central
Cooling:
Central Air
Acreage:
0.32
Est. Taxes:
$8,751
Construction
Concrete
Utilities
Cable Connected, Electricity Connected
Elementary School:
Laurel Nokomis Elementary
High School:
Venice Senior High
Days on Market:
71
Min Lease Term:
1 Month
MLS #:
A4673788
Community Info
School Info
Walk Score
Yelp
Listing courtesy of HARRY ROBBINS ASSOC INC 941-924-8346