Commercial Sale Property - Multi Family in Englewood
Listing Price: $950,000
Description of Property
Incredible Investor Opportunity for this 6 unit, multi-family property in highly desirable Englewood location just steps from Lemon Bay, 1.5 miles from all the shops and restaurants on historic Downtown Dearborn Street and a short 2 mile drive to the world famous sandy beaches of Manasota Key! Comprised of six 1 bed/1 bath cottages, the four detached buildings are grouped around a central public courtyard with multiple patio areas, built-in BBQs and a shuffle board court. For over 20+ years this signature property was part of the Englewood Lighthouse Resort and exudes old Florida charm with a lighthouse theme throughout. It's literally just steps from the Lemon Bay Sunrise Park with a public boat launch, picnic pavillion and restroom facilities. Three of the buildings have just received brand new roofs in 2025 and all units come fully furnised. The two stand alone cottages on the western side of the property feature original terrazzo floors and large back patios with views of the gorgeous sunsets over Lemon Bay. Uses include both long term rentals or possible vacation rentals. Increase the value by adding a pool or hot tub to the central courtyard. Now is your opportunity to own this piece of the old world, laid back Florida beach life that has been wooing locals and enticing snowbirds for years. This rental property is truly for those that embrace the Salt Life!
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Multi Family
City: Englewood
County: Sarasota
Subdivision: Tyler & Darling Add 01
Sq. Ft. Gross: 3,530
Sq. Ft. Living Area: 2,621
Cost per (heated) sqare foot: $362
Total Units: 6
Year built: 1951
Annual Tax: $10,057
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Window Features: Drapes
Ceiling Type: Plaster
Ceiling Height: Varied
Flooring: Tile
Waterfront Info
Water Name: LEMON BAY
Exterior & Construction
Construction: Stucco
Foundation: Slab
Roof: Shingle
Parking Features: 6 to 12 Spaces
Floors Total: 1
Floors in Unit: One
Cooling: Wall/Window Unit(s)
Heating & Fuel: None
Electric: Separate Meters
Patio & Porch Features:
Security Features:
Other Structures:
View:
Fencing:
Sewer: Public Sewer
Water Source: Public
Lot Information
Lot Features: Oversized Lot
Lot Size (acres): 0.51
Lot Size (sq. ft.): 22,333 square feet
Road Frontage: City Street
Front Exposure: Undetermined
Adjoining Property: Residential
Legal Description & Other Information
Financing Available: Owner May Carry
Parcel Number: 0504160031
Zoning: RMF2
Tax Legal Desc.: ELY 185 FT OF LOT 2 & PORTION OF LOT 1 DESC AS COM AT NE COR LOT 1 TH N-86-49-51-W 70.27 FT FOR POB TH S-03-10-09-W 3.54 FT TH N-84-29-23-W 45.73 FT TH N-03-10-09-E 1.67 FT TH S-86-49-51-E 45.69 FT
Section: 36
Range: 19E
Listing courtesy of REAL BROKER, LLC. 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.