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2730 Worth Ave Englewood, FL 34224-9748

OFF-MARKET Shopping centers Google Maps
0.69 ac lot
Individually Owned 2-yr Hold Free & Clear
Estimated value (blended)
$415k
Range $374k – $457k (±10%)
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

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
$415k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2022
$110,000
2022
Price N/A
2022
$85,000
2020
$63,000
2020
$150,000
2018
Price N/A

Zoning & alternative use

IG INDUSTRIAL-GENERAL · Englewood, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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