Five-Unit Strip
119 S INDIANA Avenue Englewood, FL 34223
For Sale
$1,200,000
SINGLE_FAMILY - ENGLEWOOD, FL
Property Size5,640 SF
Lot Size0.80 Acres
Price / SF$212.77
Days on Market92
Property Features for 119 S INDIANA Avenue
General Information
Property type
Residential
Property subtype
Retail
Zoning
CG
Standard status
Active
APN
0853050001
Size
5,640 SF
Lot size
0.80 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM NW COR SEC 31 TH S-0-42-11-W 938 FT TH S-89-11-49-E 50 FT FOR POB TH S-89-11-49-E 290 FT TH N 121.4 FT M/L TH W 290 FT M/L TH S 120.1 FT M/L TO POB BEING PART OF BLK 6 PROSPECT PARK
Tax Annual Amount
12340
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1958
Floors in Building
1
Number of units
5
Building materials
Block
Roof type
Membrane
Listing Agency:
LASBURY-TRACY REALTY INC.
(941) 474-5585
Listed By:
Bart Tracy II · License #3067180
(941) 416-4114
Added: Apr 30
Changed: Jul 20
Last Checked: Jul 30 at 4:06AM
MLS# D6147296
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased five-unit strip plaza offers a compact retail layout with newer roofing, a dedicated parking lot, and on-site signage. The property totals 5,640 square feet and includes tenancy structured as two units under a single tenant’s five-year lease, with the remaining three units on individual month-to-month leases.
Located at 119 S Indiana Avenue in Englewood, Florida, the plaza sits on a major state highway (SR776) in Historic Old Englewood Village. The remarks note strong passing traffic and proximity to Wellen Park, and the property is positioned in the desirable X500 flood zone. Zoning is listed as CG, and the offering includes plenty of parking and room for future expansion.
With its current mix of lease terms and existing improvements, the property is suited for both tenant occupancy and owner-occupant use under the CG zoning designation.
Located at 119 S Indiana Avenue in Englewood, Florida, the plaza sits on a major state highway (SR776) in Historic Old Englewood Village. The remarks note strong passing traffic and proximity to Wellen Park, and the property is positioned in the desirable X500 flood zone. Zoning is listed as CG, and the offering includes plenty of parking and room for future expansion.
With its current mix of lease terms and existing improvements, the property is suited for both tenant occupancy and owner-occupant use under the CG zoning designation.
Key Highlights
- Fully leased 5‑unit strip plaza on a major Florida state highway
- 6000 SF plaza with block construction, central heating, and central air
- Newer membrane roof; parking lot and sign included
Financial Insights For Retail
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 | $148.2k | $26.28 |
| − Vacancy | −$4.9k | −$0.87 |
| EGI | $143.3k | $25.41 |
| − OpEx | −$43.0k | −$7.62 |
| NOI | $100.3k | $17.79 |
5,640 SF · lease $26.28/SF/yr · vacancy 3.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.43M
$1.25M – $1.67M
NOI $100,330 @ 7.0% cap · market cap 8.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.85M
$1.62M – $2.15M
NOI $129,269 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased five-unit strip plaza with a newer roof, parking lot, and signage along a major state highway.
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 5‑unit strip plaza on a major Florida state highway; 6000 SF plaza with block construction, central heating, and central air; Newer membrane roof; parking lot and sign included
