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Englewood Residential Development Opportunity
For Sale
$1,850,000

370 N PINE STREET, Englewood, FL 34223

7.5-acre residential development site in central Englewood.

Property SizeContact for details
Lot Size7.50 Acres
Days on Market256

Property Features for 370 N PINE STREET

General Information

Standard status Active
Lot size 7.50 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $3,773

Amenities

Pool
Public Pool
Electrical Nearby
Listing Agency: SVN COMMERCIAL ADVISORY GROUP
Listed By: TONY VELDKAMP, CCIM · License ##BK576074
Source: Corcoran
Added: Nov 25, 2025 Changed: Aug 8 Last Checked: Jul 16 at 5:35AM

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 SVN COMMERCIAL ADVISORY GROUP

Investment Insights

Based on property information with market context.

This 7.5 +/- acre residential development site is located in central Englewood, near the downtown village area of Dearborn Street. Pine Street, a North-South connector road between Dearborn Street and South McCall Road, experiences traffic counts of 16,800 and 34,500 respectively. Zoned Residential Multifamily 2 (RMF-2), the site is suitable for developing up to 67 residential units or a 270-bed Assisted Living Facility. Rezoning to RMF-3 could allow for up to 97 multifamily units, with the potential to increase the number of units further by utilizing Sarasota County's "Half Unit" calculation of 750 SF maximum. The location is near amenities such as Publix shopping centers on Highway 776, Gulf beaches, golf courses, HCA Englewood Hospital, Englewood YMCA, and Cool Today Park, the Spring Training Home of the Atlanta Braves. Several residential neighborhoods are planned for the surrounding area, including Generations Englewood, a 306-unit apartment community by Kaplan Residential; Shores at Stillwater, a 255-lot single-family subdivision by Pulte Homes; and Sandpiper Pointe, an 85-lot Single-Family Subdivision by M/I Homes.

Key Highlights

  • Large 7.5 +/- acre residential development site.
  • Zoned Residential Multifamily 2 (RMF‑2) allowing development of up to 67 residential units or a 270‑bed Assisted Living Facility.
  • Potential to rezone to RMF‑3 for up to 97 multifamily units.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Restaurant Building Supply Hair Salon Dental Office Spa & Massage Center Law Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

125
Businesses Nearby

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 Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 7.5-acre residential development site in central Englewood.
Where is this residential land & home lot located?
The property is located at 370 N PINE STREET Englewood, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Large 7.5 +/- acre residential development site.; Zoned Residential Multifamily 2 (RMF‑2) allowing development of up to 67 residential units or a 270‑bed Assisted Living Facility.; Potential to rezone to RMF‑3 for up to 97 multifamily units.
More about this property
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