612 Indiana Ave Englewood, FL 34223
- Retail space
- 22,091 SF
- 2.09 lot acres
Current Use by Public Records
- Retail space
Property Details for 612 Indiana Ave
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.09 lot acres
- Property size
- 22,091 SF
- Zone code
- CG
- Property type
- Retail space
- APN
- 0496-08-0007
- APU
- 496080007
Description
This exceptional retail opportunity is located in The Tower, a single-story strip center boasting 22,091 square feet of leasable space. The property is zoned CG and enjoys a highly visible position on a major six-lane corridor, ensuring exceptional foot and vehicle traffic. Currently, three individual retail spaces are available, ranging in size from 1,000 to 4,000 square feet, offering flexibility for various business needs. One particularly attractive space features a corner unit layout, complete with two restrooms and two showers, ideal for businesses requiring client amenities. This unit also includes a sizable reception area and ample storage space, along with multiple rooms suitable for use as exam rooms or showrooms. Additionally, a former arcade space is available, presenting a unique opportunity for creative adaptation. The property's multiple tenancy structure provides a vibrant and diverse environment, attracting a wide range of customers. This is an excellent chance to establish or expand your business in a high-demand, high-visibility location. The property's strategic placement and versatile spaces make it an ideal investment for a variety of retail ventures. Contact us today to schedule a viewing and explore the possibilities.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,445,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,690,000
- 6.5%
- $1,665,000
- 7%
- $1,695,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,110,000
- Geo Method
- $2,070,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,045,000
- Retail
- $1,920,000
- Mixed-Use
- $1,635,000
- Hospitality
- $1,695,000
- Educational
- $1,725,000
- Residential Income
- $1,920,000
- Energy
- $2,025,000
- Income-Based Land
- $2,110,000
- Food Service
- $1,545,000
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Sarasota
- State
- Florida
- Longitude
- -82.3545
- Latitude
- 26.9734
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
