Fully Leased Five-Unit Retail
For Sale
$1,200,000
119 S Indiana Avenue, Englewood, FL 34223
Five-unit strip plaza on a major state highway with a newer roof, parking lot, and signage.
Property Size6,286 SF
Price / SF$190.90
Days on Market102
Property Features for 119 S Indiana Avenue
General Information
Standard status
Active
Size
6,286 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1958
Tenancy
Multi
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Bart Tracy II · License #3067180
Source:
Xome
Added: Apr 28
Changed: Jul 10
Last Checked: Aug 7 at 1:47AM
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 LASBURY-TRACY REALTY INC.
Investment Insights
Based on property information with market context.
This fully leased five-unit strip plaza offers a total of five storefront spaces within a compact retail configuration. The property has received updates including a newer roof, along with an improved parking lot and onsite signage.
The plaza is located on a major state highway in Historic Old Englewood Village. Public remarks note substantial traffic counts on SR776 and highlight the nearby Wellen Park area as a fast-growing community, with the property positioned in the desirable X500 flood zone. Plenty of parking is available, supporting both tenant operations and customer access.
Current leasing is in place throughout the building. Two units are occupied by a single tenant under a five-year lease, while the remaining three units operate as individual month-to-month leases. This mix can align with a range of tenant and owner-occupant needs, and the property also includes room for expansion as described in the remarks. Overall, it presents a ready-to-run retail ownership opportunity with existing income coverage and practical site improvements.
The plaza is located on a major state highway in Historic Old Englewood Village. Public remarks note substantial traffic counts on SR776 and highlight the nearby Wellen Park area as a fast-growing community, with the property positioned in the desirable X500 flood zone. Plenty of parking is available, supporting both tenant operations and customer access.
Current leasing is in place throughout the building. Two units are occupied by a single tenant under a five-year lease, while the remaining three units operate as individual month-to-month leases. This mix can align with a range of tenant and owner-occupant needs, and the property also includes room for expansion as described in the remarks. Overall, it presents a ready-to-run retail ownership opportunity with existing income coverage and practical site improvements.
Key Highlights
- Fully leased five‑unit strip plaza with 6,000 SF on a major state highway
- Newer roof, parking lot, and signage
- Two units have a single tenant with a five‑year lease; three units are month‑to‑month
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
Explore this area
Business Placement
Demographics for 34223, FL
19,118
Population
14,484
Households
1.3
Avg Household Size
66
Median Age
39%
College-Educated
96%
High-School Grad
41.9 sq mi
ZIP Area
456
Density / Sq Mi
$70,155
Median Household Income
$39,486
Median Earnings
$1,288
Median Rent
$358,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Five-unit strip plaza on a major state highway with a newer roof, parking lot, and signage.
Where is this strip mall located?
The property is located at 119 S Indiana Avenue Englewood, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased five‑unit strip plaza with 6,000 SF on a major state highway; Newer roof, parking lot, and signage; Two units have a single tenant with a five‑year lease; three units are month‑to‑month
