Address
115 W DEARBORN STREET Englewood, FL
Price
$ 799,000
Property Attributes
  • MLS#C7421219
  • TypeCommercial
  • CountySARASOTA
  • CityEnglewood
  • AreaEnglewood
  • NeighborhoodENGLEWOOD
  • Zip34223
  • StyleRetail
  • Year Built1957
  • Taxes$ 4933
  • Price$ 799,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2720
  • Lot Size12,632 SqFt
Listing Provided Courtesy Of:
RIVERSIDE REALTY SERVICES LLC
Data Source:
Stellar MLS
Property 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.

Price History
3/7/2021 Listed $799,000

General Features

Additional Parcels Y/N No
Building Area Units Square Feet
Business Type Bar/Tavern/Lounge, Restaurant, Retail
City ENGLEWOOD
Construction Materials Block
Cooling Central Air
County Sarasota
Days on Market 710
Directions Take W. Dearborn St. west from N. Indiana Ave. Property is on the southwest corner of S. New York Ave. and W. Dearborn St.
Heating Central
Leasable Area 3702
MLS Area 34223 - Englewood
Net Operating Income 51841
New Construction No
Ownership Corporation
Property SubType Retail
Property Type Commercial Sale
Sewer Public Sewer
Standard Status Active
Status Active
Street Name DEARBORN
Subdivision Name ENGLEWOOD
Tax Annual Amount 4933.56
Tax Lot 1
Tax Year 2020
Tenant Pays Electricity, Sewer, Trash Collection, Water
Total Number of Buildings 1
Township 40
Utilities Public
Water Access YN No
Year Built 1957
Zoning CG

Interior Features

Flood Zone Code Zone X500
Living Area 2720
Living Area Units Square Feet
Livingareasource Public Records
Street Suffix STREET

Exterior Features

Building Area Total 3702
Lot Size Acres 0.29
Lot Size Square Feet 12646
Road Frontage Type County Road
Water Extras YN No
Water View YN No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 34223

Price
AVG $1.36M
$800K
Taxes
AVG $4,073
$4,933
Visits
AVG 282
199
Year Built
AVG 1967
1957
Walkscore
AVG 48
64
Data Provided by Walkscore ® not using MLS data

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