115 W Dearborn Street, Englewood, FL 34223

$725,000
2,720
SqFt
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Sold Price
$725,000
List Price
$799,000
Status
Sold
Closing Date
Dec 29, 2021
MLS#
C7421219
Property Style
Retail
Year Built
1957
Living Area
2,720
Lot Size
12,646
Acres
0.29
Total Acreage
1/4 to less than 1/2
Legal Subdivision Name
Englewood
MLS Area Major
Englewood
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941-286-7834

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.

941-286-7834
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Additional Information

Taxes Annual
$4933
Community Features
No Deed Restriction
Zoning
CG
Utilities
Public
Heating
Central
Air Conditioning
Central Air
Exterior Construction
Block
Pool
No Pool
Flood Zone Code
X500
Parcel ID
0503010001
Legal Description
LOT 1 & 2, LESS W 15.6 FT OF LOT 2, TOGETHER WITH WLY 15 FT OF NEW YORK AVE VACATED BY OR 547/287, BLK 1, SUB OF LOTS 87 & 88 PLAT OF ENGLEWOOD
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Listing courtesy of RIVERSIDE REALTY SERVICES LLC. Selling Office: STELLAR NON-MEMBER OFFICE.

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