Fully Leased CG Zoned Building in Englewood For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30764996
Property Subtypes: Mixed Use
Condo? Yes
Building Size (RSF): 8,519 SF
Gross Building Area: See Agent
Gross Land Area: 48,764 SF
Sale Price: $975,000
Property Use Type: Investment
Building Name: Gulf Bay Centre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/20/2021

Overview / Comments

Located directly on busy N. Indiana Ave./SR 776, this fully-leased ("stabilized") building with separately metered utilities is offered for sale at $975,000. The building is located within the Englewood Community Redevelopment Area (CRA).

Englewood offers some of the most unique Gulf front residences and commercial properties on Florida's west coast. Close to the growing communities of Port Charlotte and North Port, there are many advantages to this little spot near the water. The quiet seaside beachfront community, with its pristine beaches and old Florida charm, offers retail business and office professionals alike access to some of the most affluent residents of Sarasota County. It escaped major damage with Hurricane Charley, and Manasota Key continues to be one of Southwest Florida's undiscovered waterfront community treasures.

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0496092001
Is Condo?: Yes
Zoning: CG
Retail Clientele: General, Business
Property Located Between: N McCall Road and N Indiana Avenue
Property Visibility: Excellent
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Year Built: 1984
Year Renovated: 1999
Roof Type: Hip
Construction/Siding: Stucco
Parking Type: Surface
Zoning Description: CG - Commercial General
Lot Frontage: 168'
Lot Depth: 310'

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,422 19,408 41,693
Median Age: 62 62.91 60.2
Households: 1,812 10,136 20,968

Contact

Photograph of Listing Agent

Howard Corr

CORR COMMERCIAL ADVISORS LLC
MFCRE Member
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