1520 River Rd Englewood, FL 34223
- Land
- 17.40 lot acres
Current Use by Public Records
- Land
Property Details for 1520 River Rd
- Lot size
- 17.40 lot acres
- Property type
- Land
Description
This exceptional 17.4-acre commercial land parcel in Englewood, Florida, presents a compelling investment opportunity. Located at 1520 South River Road in Sarasota County, this triangle-shaped property boasts 1700 feet of road frontage. Currently zoned OUE1 (Open Use Estate, 1 unit/5 acres), the property includes two existing structures: one occupied by a residential tenant and one vacant. The site comprises two parcel identification numbers, totaling approximately 370,260 square feet (8.5 acres) and 387,684 square feet (8.9 acres). Its strategic location at the south end of the West Villages Improvement District offers unparalleled access to thriving amenities. The West Villages district, encompassing 12,444 acres, features residential neighborhoods, commercial centers, and the Atlanta Braves' spring training stadium, with the soon-to-be-completed Downtown Wellen nearby. The property's adjacency to the Englewood Sports Complex, a premier 136-acre facility with extensive outdoor and indoor amenities, further enhances its appeal. The area demonstrates significant growth potential, with an expected growth rate exceeding 10% within a 5-mile radius. The seller is open to rezoning for commercial retail/industrial development, including multifamily uses, and will consider cash offers. The asking price reflects an appraisal rate of $6.53 per square foot, totaling $4,950,000. This property offers substantial potential for various land uses and represents a lucrative investment in a rapidly developing area.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Sarasota
- State
- Florida
- Longitude
- -82.3234
- Latitude
- 26.9755
