Commercial Sale Property - Industrial in Englewood
SOLD for $630,500 on May 10, 2023
Listing Price: $695,000Sold Price: $630,500Sold Price/List Price: 91%
Sold Price/Original List Price: 81.35%
Description of Property
This 5,476 Square Foot building with 7 overhead doors and a 50' X 150' vacant Lot. Property comes with the balance of a 5 year lease that the effective date of the lease is April 30, 2021. Tenant has one 5 year option to renew with a 7% increase. Lease is a modified triple net lease with tenant responsible for real estate taxes, insurance and maintenance. Present monthly rent is $4,500.00 per month. Total annual income is $54,000.00 per year. Tenant has a 30 day first right of refusal should the seller receive a acceptable contract. Any contract would be subject to the tenant not exercising their First Right of Refusal. Property has sustained some damage from hurricane Ian. Vacant lot is fenced. Corner building has frontage on three sides. Property has great signage. Tenant is operating a auto body shop. Lease started April 30, 2021.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Industrial
City: Englewood
County: Charlotte
Subdivision: San Casa Ind Park
Sq. Ft. Gross: 5,476
Sq. Ft. Living Area: 5,476
Cost per (heated) sqare foot: $127
Year built: 1973
Annual Tax: $7,269
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
Accessibility Features:
Window Features:
Additional Rooms:
Ceiling Type:
Flooring: Concrete
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block
Foundation: Slab
Roof: Shingle
Exterior Features:
Parking Features:
Floors Total: 1
Floors in Unit: One
Cooling: A/C - Office Only
Heating & Fuel:
Electric: 3 Phase, 220 Volts
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Community Features:
Association Amenities:
Lot Information
Lot Features:
- Central Business District
- Corner Lot
- Industrial Park
Lot Size (acres): 0.65
Lot Size (sq. ft.): 28,528 square feet
Road Frontage: Business District, County Road
Adjoining Property: Industrial
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 412004455004
Zoning: IG
Tax Legal Desc.: SCI 000 000B 0010 SAN CASA IND PARK BLK B LTS 10 & 11 407/119 865/1066-69 975/130-133 1152/1057 1158/1903 1921/704, Also Lot 9 San Casa Industrial Park.
Listing courtesy of RE/MAX ALLIANCE GROUP. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.