167 Dearborn St Englewood, FL 34223-3260
- Retail space
- 7,560 SF
- 0.91 lot acres
Current Use by Public Records
- Retail space
Property Details for 167 Dearborn St
- Year built
- 1958
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.91 lot acres
- Property size
- 7,560 SF
- Zone code
- MSOD; CG
- Property type
- Retail space
- APN
- 0503-01-0007
- APU
- 503010007
Description
This exceptional 7,560-square-foot storefront property, located at 167 W Dearborn St in Englewood, Florida (34223), presents a compelling investment opportunity. Built in 1958, this single-story building sits on a substantial 39,804-square-foot lot and is zoned CG. The asking price is $1,900,000, translating to $251.32 per square foot. Its prime corner location in downtown Englewood, at the intersection of W. Dearborn St and S. McCall Road, ensures high visibility and accessibility. The property benefits from significant foot traffic, amplified by its proximity to numerous community events including art shows, car shows, concerts, a seafood festival, and a beer fest. Ample parking is available for customer and tenant convenience. Further enhancing its appeal, the property is situated near a new waterfront marina development featuring a restaurant and upscale apartments, and a thriving Thursday farmers market (October-April). The area is experiencing significant growth, with a new public golf course under development on W. Dearborn Street. This property offers a unique blend of established success and exciting future potential within a vibrant and growing community. The building consists of one structure with a net rentable area of 7,560 square feet.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,585,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,485,000
- 6.5%
- $1,520,000
- 7%
- $1,395,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,555,000
- Geo Method
- $1,680,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,220,000
- Retail
- $1,290,000
- Mixed-Use
- $1,635,000
- Hospitality
- $1,325,000
- Educational
- $1,345,000
- Residential Income
- $1,385,000
- Energy
- $1,550,000
- Income-Based Land
- $1,305,000
- Food Service
- $1,390,000
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Sarasota
- State
- Florida
- Longitude
- -82.3566
- Latitude
- 26.9618
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
