** CAP Rate based on Year 1 Proforma - View Offering Memorandum for Details at MultifamilyFirm.com ** The Multifamily Firm is pleased to present the Nokomis Inn & Suites, a 23-unit hospitality asset located in Sarasota County, just north of Venice, Florida, and only three minutes from Nokomis Beach at the southern tip of Casey Key. Positioned on a 1.21-acre parcel with direct frontage on Route 41 / Tamiami Trail (46,000 AADT), the property features five buildings with solid masonry construction, updated PVC plumbing throughout, and extensive interior and exterior renovations completed in 2016 and 2019. Zoned Commercial General (CG), the site offers excellent visibility and a wide range of potential redevelopment or repositioning opportunities. The asset was originally acquired for conversion into a mental & behavioral health facility; however, after a short period of operation, the site was deemed incompatible with the ownership’s long-term business model. As a result, it is currently operated as a boutique motel on a limited basis—providing interim cash flow and a flexible foundation for new ownership to implement their own vision.