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    1407 Manasota Beach Rd Englewood, FL 34223

    Sponsored
    For Sale
    $1,850,000

    1.52 Acres, High-Traffic Intersection

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.52-acre commercial land parcel presents a unique investment opportunity in Englewood, Florida. Strategically located at the southeast corner of State Road 776 and East Manasota Beach Road (address: 1407 E Manasota Beach Rd, Englewood, FL 34223), this property boasts a prime location with high visibility and accessibility. Currently zoned OPI (Office, Professional, and Institutional) in Sarasota County, it is undergoing rezoning to Commercial Neighborhood, allowing for retail development, including drive-thru capabilities. The site benefits from existing infrastructure, including municipal water, natural gas, electric, and cable services, with sewer readily available. The property includes a single-family home and duplex, currently generating rental income, providing potential holding income until development commences. This high-traffic intersection sees an average annual daily traffic count of 38,500 vehicles on SR 776, serving a population of over 84,700 within a five-mile radius, with a median household income of $74,252. The property offers over 300 feet of frontage on East Manasota Beach Road and 400 feet on SR 776, including a curb cut for convenient ingress and egress. Its proximity to North Manasota Key and Manasota Public Beach (1.5 miles away) and the new Beachwalk by Manasota Key community (planned for 1,500 residences) further enhances its desirability and future development potential. The asking price for this exceptional property is $1,850,000.

    Property Features for 1407 Manasota Beach Rd

    General Information

    Property type
    Land
    Lot Size
    66,211 SF

    HighLights

    • 1.52‑acre commercial land parcel in Englewood, FL, at the high‑traffic intersection of SR 776 and E Manasota Beach Rd (1407 E Manasota Beach Rd, Englewood, FL 34223).
    • Currently zoned OPI, rezoning to Commercial Neighborhood underway, allowing retail development including drive‑thrus.
    • High visibility and accessibility with 300+ ft frontage on E Manasota Beach Rd and 400+ ft on SR 776, including a curb cut.
    • Existing infrastructure: municipal water, natural gas, electric, cable, and sewer readily available.
    • Includes income‑producing single‑family home and duplex; 38,500 AADT on SR 776; 84,700+ population within 5 miles; $74,252 median household income.
    • Asking price: $1,850,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Wholesale Shop Clothing Store Hotel & Motel Gym & Fitness Kitchen & Bath Food Market Storage Facility HVAC Service Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Sarasota
    State
    Florida
    Longitude
    -82.38955539
    Latitude
    27.02090158

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    FAQs

    What type of property is this?
    Land - 1.52 Acres, High-Traffic Intersection
    Where is this land located?
    The property is located at 1407 Manasota Beach Rd 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: 1.52-acre commercial land parcel in Englewood, FL, at the high-traffic intersection of SR 776 and E Manasota Beach Rd (1407 E Manasota Beach Rd, Englewood, FL 34223).; Currently zoned OPI, rezoning to Commercial Neighborhood underway, allowing retail development including drive-thrus.; High visibility and accessibility with 300+ ft frontage on E Manasota Beach Rd and 400+ ft on SR 776, including a curb cut.
    Request Owner's contact information
    1407 Manasota Beach Rd Englewood, FL 34223
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    Englewood, FL 34223
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1407 Manasota Beach Rd Englewood, FL 34223
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