500 Paul Morris Dr Englewood, FL 34223-3960

This exceptional 1.73-acre industrial land parcel in Englewood, Florida (Sarasota County, zip code 34223, located at 500 Paul Morris Dr) presents a unique investment opportunity. Priced at $625,000, this property boasts a pro-forma cap rate of 9.17% and a pro-forma NOI of $89,628. The lot is already cleared, filled, and raised to exceed county standards, fully fenced with a double-wide sliding gate, and equipped with four FPL LED light posts. Essential utilities, including water and power connections, are already installed and paid for, eliminating significant upfront costs. The property is zoned PID and offers ample parking for 51 vehicles. Building plans for a 10,000 square foot warehouse are available upon request. This turnkey solution is ideal for immediate development, offering significant potential for a variety of industrial uses. The land value is $750,000/SF. This property represents a compelling investment opportunity with strong potential for high returns.