Turnkey Marine Engine Service
For Sale
Contact for pricing
2640 Avenue of the Americas, Englewood, FL 34224
Turnkey purchase includes land, buildings, inventory, and active dealerships for a long-running marine engine service operation.
Property Size5,900 SF
Price / SF$576.27
Days on Market98
Property Features for 2640 Avenue of the Americas
General Information
Standard status
Active
Size
5,900 SF
Property subtype
Retail, Land, Business for Sale
Zoning
IG
Occupancy
100%
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1989
Buildings
2
Stories
1
Units
4
Tenancy
Single
Listing Agency:
Coldwell Banker Venice
Listed By:
Warren Nightingale · License #SL3466977
(641) 208-0070
Source:
Crexi
Added: Jun 2
Changed: Aug 22
Last Checked: Sep 6 at 2:09PM
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 Coldwell Banker Venice
Investment Insights
Based on property information with market context.
This for-sale offering presents a long-established marine engine and service business presented as turnkey. The sale is described as including the underlying land and buildings, along with inventory and active dealerships, designed to support an immediate transition for a qualified buyer. The seller also indicates it will provide hands-on training to help facilitate continuity during the changeover. The business is characterized in the remarks as having operated for more than four decades and built on an established customer base and reputation.
The property is located at 2640 Avenue of the Americas in Englewood, Florida. Because the offering includes both real estate and the operating components of the business, it is structured for buyers seeking an integrated platform rather than a standalone business listing.
For operators and investors looking for a marine-focused service and dealership platform, the inclusion of land, buildings, inventory, and active dealerships is intended to reduce the need to build from scratch. Prospective buyers can evaluate fit based on the documented turnkey package and the stated availability of training from the seller to support a smooth initial operating period.
The property is located at 2640 Avenue of the Americas in Englewood, Florida. Because the offering includes both real estate and the operating components of the business, it is structured for buyers seeking an integrated platform rather than a standalone business listing.
For operators and investors looking for a marine-focused service and dealership platform, the inclusion of land, buildings, inventory, and active dealerships is intended to reduce the need to build from scratch. Prospective buyers can evaluate fit based on the documented turnkey package and the stated availability of training from the seller to support a smooth initial operating period.
Key Highlights
- Long‑running marine engine and service business available for the first time in over four decades
- Seller‑included turnkey package: land, buildings, inventory, and active dealerships
- Business includes hands‑on training from the seller for a seamless transition
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$104,955
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,099,100
$2.1M
Cap Rate 7%
$1,499,357
$1.5M
Cap Rate 9%
$1,166,167
$1.2M
Market Conditions
NOI Build-Up for 5,900 SF
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.
Gross rent
$155.1K $26.28/SF
− Vacancy
−$5.1K −$0.87/SF
EGI
$149.9K $25.41/SF
− OpEx
−$45.0K −$7.62/SF
NOI
$105.0K $17.79/SF
Area
Charlotte County, FL
Vacancy
3.30%
Lease Rate
$26.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,099,100
Cap Rate 7%
$1,499,357
Cap Rate 9%
$1,166,167
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,955 @ 7.0% cap · market cap 3.09%
Second Best
Industrial
$651.4K
$569.9K – $759.9K
NOI $45,595 @ 7.0% cap · market cap 1.34%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,228 @ 7.0% cap · market cap 3.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34224, FL
16,379
Population
11,333
Households
1.4
Avg Household Size
63
Median Age
21%
College-Educated
94%
High-School Grad
12.8 sq mi
ZIP Area
1,280
Density / Sq Mi
$56,862
Median Household Income
$34,450
Median Earnings
$1,219
Median Rent
$262,200
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.
Similar Off Market Nearby
- Coastal Automotive Services (a division of ESC, llc) — 3175 placida rd, englewood, fl 34224
- Coastal Automotive / Englewood Automotive — 3175 Placida Rd, Englewood, FL 34224
- Superior Auto Care — 3175 Placida Rd, Englewood, FL 34224
- Prestige Auto Center — 3225 Placida Rd, Englewood, FL 34224
- Englewood RV — 2960 10th St, Englewood, FL 34224
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey purchase includes land, buildings, inventory, and active dealerships for a long-running marine engine service operation.
Where is this auto shop located?
The property is located at 2640 Avenue of the Americas Englewood, FL.
What is the asking price?
The asking price for this property is $3,400,000.
What are key features of this property?
This property features: Long‑running marine engine and service business available for the first time in over four decades; Seller‑included turnkey package: land, buildings, inventory, and active dealerships; Business includes hands‑on training from the seller for a seamless transition
