Commercial Sale Property - Industrial in Englewood
SOLD for $1,500,000 on November 1, 2019
Listing Price: $1,800,000Sold Price: $1,500,000Sold Price/List Price: 83%
Sold Price/Original List Price: 75%
Description of Property
$200K PRICE IMPROVEMENT! Unlimited potential at this prime location featuring both storage and strip retail/office space over three freestanding buildings on 1.6 acres. Zoned ILW with no master association and correlating fees. Positioned on South River Road which serves as a major thoroughfare connecting Englewood to the urban centers of Venice and North Port. Ten miles to the Northeast is I-75, 5 miles to US 41 and just over a mile to SR 776. The area is experiencing tremendous growth in population with booming housing starts. .4 mile to the east is Beachwalk Preserve, a 93-acre PUD that is permitted to accommodate 325 residential unit types including SFR detached homes, lot line homes, patio homes and villas. 5 miles from the 10,000 acres of West Villages which is 4th fastest growing community in the US. 1100 homes were built in 2018 alone! The 4-unit strip is facing River Rd with solid exposure and high traffic counts. Each unit is 1400 sq ft with it’s own electric meter, HVAC, sprinkler system and ADA compliant restroom. The middle units have been combined with an added overhead door to accommodate current tenant. Can be converted back easily. Totaling 10,932 sq ft, the rear two buildings house 54 units of storage on a separate electric meter. There are 22-5x8 units, 8-9x20 units and 24-12x23 units. Built in 2006 with block construction and metal roofing, these buildings will withstand. Please inquire about financial data.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Industrial
City: Englewood
County: Sarasota
Subdivision: Englewood Gardens
Sq. Ft. Gross: 16,632
Sq. Ft. Living Area: 15,912
Cost per (heated) sqare foot: $113
Year built: 2006
Annual Tax: $16,426
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, Cork
Waterfront Info
Pool Features:
Spa Features:
Water Frontage:
Water Access: Not specified
Water Access Type:
Water View:
Exterior & Construction
Architectural Style:
Construction: Block, Stucco
Foundation:
Roof: Metal
Exterior Features:
Parking Features:
Floors Total:
Floors in Unit:
Cooling: A/C - Office Only
Heating & Fuel: Central
Electric:
Patio & Porch Features:
Security Features:
- Fire Alarm
- Fire Sprinkler System
- Security Lights
Other Structures:
View:
Fencing:
Utilities:
- BB/HS Internet Capable
- Electricity Available
- Public
Sewer: Public Sewer
Water Source:
Community Features:
Association Amenities:
Lot Information
Lot Features:
Lot Size (acres): 1.65
Lot Size (sq. ft.): 71,739 square feet
Road Frontage: City Street
Adjoining Property: Industrial
Current Adjacent Use:
Legal Description & Other Information
Parcel Number: 0850050003
Zoning: ILW
Tax Legal Desc.: LOT M, ENGLEWOOD GARDENS UNIT 6, LESS ELY 24.72 FT FOR RD R/W ALSO LESS RD R/W AS DESC IN ORI 2007070183, CONTAINING 1.64 C-AC M/L
Listing courtesy of REALTY BY DALE THOMAS. 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.