115 W Dearborn Street,
ENGLEWOOD FL, 34223
Description
Excellent investment opportunity in one of the most in demand areas in SW Florida. This is a fully leased restaurant on Dearborn St. in Englewood. The property was completely renovated in 2011 and is in excellent condition. Building is on two lots with the extra lot providing excellent parking (could also be utilized for future expansion). There is also street parking along New York Ave. Tenant has been in place for approximately 5 years and recently signed a new 3 year lease (expires 6/30/22). Tenant pays base rent, utilities, all maintenance and insurance. Capitalization based on the list price is 6.49%. This property may be available for owner occupancy prior to the expiration of the lease. If you have an interest in occupying the building and operating a restaurant, let's talk.All information provided is subject to confirmation by the buyer.
Details
| MLS# | C7421219 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1957 |
| Days On Site | 506 |
Features
| SQ Feet | 2,720 |
|---|---|
| Zoning | CG |
Request a showing
Request a showing
Contact
Learn More About This Property
| Area Information | |
|---|---|
| State | FL |
| County | Sarasota |
| City | ENGLEWOOD |
| Zip Code | 34223 |
| Area | 34223 - Englewood |
| Listing VS Median (in 34223) | |
Price: $799,000 low | high Med: $315,900 SqFt: 2,720 low | high Med: 1,176 $ / SqFt: $294 low | high Med: $269 On Site: 506 low | high Med: 253 | |
MLS Number: C7421219Listing Provided By:
Andy Richardson of RIVERSIDE REALTY SERVICES LLC