Harmony Palms - Englewood

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30258559
Property Subtypes: Multi-Family
Status: Pending/Contingent
Gross Land Area: 2.50 Acres
Sale Price: $199,000
Unit Price: $79,600 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2020

Overview / Comments

Harmony Palms - Englewood is designed as a 55-unit assisted living and memory
are facility. It is a waterfront property with convenient central location. The site is
approximately 3 miles from Englewood Hospital and Medical Center. The existing
building has been razed and the facility is currently in the planning and zoning
stage.

Proposed Rental Rates: Average of $4,000 per unit; Estimated Annual Revenue at
93%: $2.45 Million; Estimated Value "AS IS": $600,000

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Tax ID/APN: 412006251008
Zoning: OMI
Property Visibility: Excellent

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,301 20,679 35,896
Median Age: 54.44 60.98 60.15
Households: 1,183 10,728 18,208

Contact

Photograph of Listing Agent

Amy Lyon MacDougall

IAN BLACK REAL ESTATE LLC MFCRE Member
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