View Offering Memorandum for Apartment Projections & Details! To access see "Links" section or go to... MultifamilyFirm.com The Multifamily Firm is pleased to present the Nokomis Inn & Suites in Sarasota County, located just north of Venice, Florida, and 3 minutes from Nokomis Beach at the south end of Casey Key. Originally acquired by ownership for conversion into a mental & behavioral health facility, after short operation as such, the site did not align with the future business model of the company. As a result, the property is currently running as a very limited operation boutique motel, predominantly with extended-stay guests similar to apartments, providing the opportunity to transition into fully operating as apartments. Consisting of 23-units in 5 buildings on 1 parcel totaling 1.21 acres, the property has direct frontage on Route 41 / Tamiami Trail (46,000 AADT), as well as highly favorable Commercial General (CG) zoning providing a diverse range of re-development opportunities. Additionally, the property features rock-solid masonry construction, with updated PVC plumbing throughout and extensive interior/exterior improvements completed in 2016 & 2019.