$799,000

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%All information provided is subject to confirmation by the buyer.

Details

MLS#C7421219
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1957
Days On Site420

Features

SQ Feet2,720
ZoningCG
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Area Information
StateFL
CountySarasota
CityENGLEWOOD
Zip Code34223
Area34223 - Englewood
Listing VS Median (in 34223)
Price:
$799,000
low | high
Med:
$300,000
100% of Average
SqFt:
2,720
low | high
Med:
1,760
85.294117647059% of Average
$ / SqFt:
$294
low | high
Med:
$170
91.972920696325% of Average
On Site:
420
low | high
Med:
28
100% of Average
Listing Updated: November 25, 2020 9:10:16 PM PST
Andy Richardson LogoMLS Number: C7421219
Listing Provided By:
Andy Richardson  of  RIVERSIDE REALTY SERVICES LLC

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