Manasota Key Real Estate

115 W DEARBORN STREET, ENGLEWOOD, FL 34223 (MLS # C7421219)

Price $799,000
Status Active
Beds 0
Baths 0 Bath
Home size 2,720 sqft
Lot Size 12,646 sqft
Days on Market 583
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.
Property Type(s): Single Family
Last Updated 4/29/2021 Tract ENGLEWOOD
Year Built 1957 Community 34223 - Englewood
County Sarasota

Additional Details

AIR Central Air
AIR CONDITIONING Yes
AREA 34223 - Englewood
CONSTRUCTION Block
HEAT Central
LOT 0.29 acre(s)
STYLE Retail
SUBDIVISION ENGLEWOOD
TAXES $4933.56
UTILITIES Public
ZONING CG

Location

 

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Listed with RIVERSIDE REALTY SERVICES LLC
The information contained herein has been provided by My Florida Regional MLS DBA Stellar MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. Listings last updated 5/14/21 9:05 AM PDT.

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