115 W Dearborn St, Englewood

$799,000

0 Beds
0 Baths
2,720 Sqft
.29 Acres
0 Garages

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.

Essential Information
MLS® #C7421219
Price$799,000
Bathrooms0.00
Square Footage2,720
Acres0.29
Year Built1957
TypeCommercial
Sub-TypeRetail
StatusActive
Community Information
Address115 W Dearborn St
AreaEnglewood
SubdivisionEnglewood
CityEnglewood
CountySarasota County
StateFL
Zip Code34223
Amenities
UtilitiesPublic
Interior
HeatingCentral
CoolingCentral Air
Exterior
ExteriorBlock
Lot Description1/4 Acre to 21779 Sq. Ft.
Additional Information
Days on Market236
ZoningCG
Listing Details
OfficeRiverside Realty Services Llc
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Listing information last updated on June 1st, 2020 at 9:15pm EDT.