Waterfront Property with Intercoastal
1160 S MCCALL ROAD Englewood, FL 34223
1160 S MCCALL ROAD, Englewood, FL, 34223
$2,150,000
For Sale
$2,150,000
Waterfront property suitable for offices, restaurants, or condominiums.
Property Size12,204 SF
Lot Size1.02 Acres
Price / SF$176.17
Days on Market826
Property Features for 1160 S MCCALL ROAD
General Information
- Standard status
- Active
- Size
- 12,204 SF
- Lot size
- 1.02 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1982
Listing Agency
KELLER WILLIAMS ON THE WATER S
(941) 704-0611
Listed by
Erica Smentowski · License #3516441
(941) 704-0611
Source
Exitrealty
Added: Apr 13, 2024 Checked: Jul 17 at 4:40 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS ON THE WATER S
Investment Insights
Based on property information with market context.
This waterfront property is located on the intercoastal waterway of Lemon Bay. The two-level building offers balcony views and sunset vistas. It features street visibility, ample parking, easy parking lot access, and a high-visibility marquee sign. The property is currently used as office space and can be remodeled due to the absence of load-bearing interior walls. It is located close to Beach Road/776, Englewood Beach, Manasota Key, and local shopping and dining attractions. The 12,204 square foot property is suitable for offices, waterfront restaurants, or potential waterfront condominiums.
Key Highlights
- Waterfront property on Lemon Bay with intercoastal access.
- Unbeatable high‑traffic location with excellent street visibility.
- Spectacular balcony views and amazing sunsets.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $263.6k | $21.60 |
| − Vacancy | −$62.2k | −$5.10 |
| EGI | $201.4k | $16.50 |
| − OpEx | −$50.3k | −$4.13 |
| NOI | $151.0k | $12.38 |
12,204 SF · lease $21.60/SF/yr · vacancy 23.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.16M
$1.89M – $2.52M
NOI $151,046 @ 7.0% cap · market cap 7.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.00M
$3.50M – $4.66M
NOI $279,716 @ 7.0% cap · market cap 13.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Waterfront property suitable for offices, restaurants, or condominiums.
Where is this office building located?
The property is located at 1160 S MCCALL ROAD Englewood, FL.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Waterfront property on Lemon Bay with intercoastal access.; Unbeatable high‑traffic location with excellent street visibility.; Spectacular balcony views and amazing sunsets.
