Venice Dealer Buys Site, Plans Pivot to Property
Strategic Acquisition for Redevelopment Potential Krause Auto Group has strategically acquired a 6.86-acre vacant lot. This new piece of land is adjacent to their Hyundai of Venice dealership. The acquisition was secured at a price of $2.7 million. It underscores the group's ambitions for strategic expansion and land banking. Situated near the intersection of Jacaranda Boulevard and Venice Avenue, this site was chosen based on anticipated growth needs. Avenue Bellevue , which exemplifies high-quality projects in thriving areas, can serve as a benchmark for Krause Auto Group's future endeavors. It is the last suitable location for expansion in that area. While specific redevelopment plans are yet to be outlined, the purchase likely facilitates dealership growth. Possibilities include additional vehicle display, service facilities, or even commercial use. Its proximity to major roads provides logistical advantages. This aligns with Krause Auto Group's multi-state dealership g...