501 Paul Morris Dr Englewood, FL 34223-3961
This exceptional 1.75-acre industrial land parcel is situated in Englewood, Florida, within the Morris Industrial Park (PID zoning). The property is completely cleared and fenced, offering immediate development potential. Significant site preparation has already been completed, including filling and raising the land with a combination of dirt, crushed concrete, and crushed asphalt. Four Florida Power & Light (FPL) leased concrete LED light posts provide ample illumination, with electricity readily available at all four corners of the property. A substantial concrete pad, measuring 50 feet by 50 feet, has already been poured, providing a ready foundation for a warehouse or similar structure. City water is conveniently connected to the property, streamlining the development process. This turnkey site presents a rare opportunity for immediate construction and occupancy, eliminating the need for extensive preliminary site work. Located at 501 Paul Morris Dr, Englewood, FL 34223, this property offers exceptional value and convenience for industrial development in a thriving location. The asking price is $625,000.
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
PID · 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.