776 & Old Englewood Rd Englewood, FL 34223
This exceptional 11.86-acre development site presents a fully permitted opportunity to construct a 90-unit garden-style multifamily community in the thriving Englewood area of Sarasota County, Florida. Located at the intersection of SR 776 and Old Englewood Road, this prime location offers unparalleled visibility and convenient access to a wealth of amenities. The property's RMF2 zoning ensures a streamlined development process, making it an ideal shovel-ready project for investors seeking a quick return. The boutique size of the development is anticipated to facilitate a rapid lease-up period. Future residents will enjoy easy access to employment centers, retail options, healthcare facilities, dining establishments, entertainment venues, and educational institutions. Situated in one of Florida's fastest-growing markets, this site represents a compelling investment opportunity in a high-demand location along the West Coast of Florida. The property's strategic location and fully permitted status minimize development risk and maximize potential returns. This is a rare chance to capitalize on the robust growth of Sarasota County's real estate market. The site's excellent visibility from SR 776 further enhances its appeal and marketability. This is a truly exceptional opportunity for developers seeking a high-value, low-risk investment in a prime location. The property's zoning and permitting status are confirmed and readily available for review. This is a turnkey project ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.