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    OFF-MARKET
    Shopping centers

    2730 Worth Ave, Englewood, FL 34224-9748

    0.69 ac lot
    Individually Owned 2-yr Hold Free & Clear
    Property ID
    US18-6269827
    Property summary
    AI-generated overview

    This exceptional 1200-square-foot warehouse condo presents a rare investment opportunity in Englewood, Florida. Strategically located in a bustling central area, this property enjoys convenient access to major roadways including Winchester, San Casa, Placida Road, SR 776, CR 775, and Highway 41, ensuring seamless transportation and logistics. The unit itself is zoned Industrial General and boasts a versatile layout. Currently configured with a reception area, coffee bar, three offices, and a storage area, plus a private bathroom, the space offers significant flexibility. The potential exists to create up to five offices by removing a partition wall behind the roll-up door, allowing for customization to suit diverse business needs. The interior is primarily designed for office and storage use. The entire building benefited from a new metal roof installation in 2023, enhancing its longevity and curb appeal. Low maintenance is ensured through a quarterly HOA fee of $800, which comprehensively covers lawn care, building insurance, trash removal, electricity, water, and reserve fund contributions. Individual units are responsible for their own Florida Power & Light (FPL) bill, estimated at approximately $100 per month. The property sits on a 0.09-acre lot, providing ample space for potential future expansion or outdoor use. This turnkey opportunity is ideal for a variety of businesses seeking a well-maintained, conveniently located space.

    Property profile
    Verified
    Property type Shopping centers
    Use group SHOPPING CENTER COMMON AREA
    Lot 0.69 ac (29,995 SF)
    Zoning code IG INDUSTRIAL-GENERAL
    APN 41-20-09-851-000
    UPID US18-6269827
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    David J Thompson · 2 yrs held
    David J Thompson
    since 2023
    7 recorded transactions
    2023
    2022
    $110,000
    2022
    2022
    $85,000
    2020
    $63,000
    2020
    $150,000
    2018
    Zoning & alternative use
    IG INDUSTRIAL-GENERAL · Englewood, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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