473 S Indiana Ave Englewood, FL 34223
For Sale
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This exceptional 3,287 square foot free-standing office building presents a unique investment opportunity in the heart of Englewood, Florida. Situated on a 0.45-acre outparcel within a centrally located shopping center on State Road 776 (Indiana Avenue), this property boasts a prime location and high visibility. Previously used as a bank, medical office, and most recently a real estate office, the building is beautifully finished and ready for immediate occupancy. The interior features an oversized reception and waiting area, ample space for multiple workstations, and five individual offices, each equipped with a common sound system, telephone outlets, and internet hookups. Water and utility sinks are readily restorable in all offices. Two large file storage rooms provide ample storage, complemented by an additional 300 square feet of storage on the second floor. A full kitchen and break room, along with a large storage room with exterior access, add to the building's functionality. The property benefits from upgraded lighted signage on two sides of the building, including a double-sided, lighted sign facing the road, ensuring maximum visibility. Ample parking is available with 15 designated spaces, additional parking behind the building, and numerous non-designated spaces within the shopping center. Automatic front entrance and exit doors add to the convenience. All systems are fully functional. The property is zoned CG, allowing for direct sales. This is a truly attractive office building in a high-demand area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
CG · Englewood, FLEnglewood. Always verify with local authorities before improvements.
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.