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Property profile & analytics
FOR LEASE
Retail space

612 North Indiana Ave Englewood, FL 34223

22,091 SF 2.09 ac lot Built 1986
Entity Owned 4-yr Hold Free & Clear
Property ID
US18-3414564
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,091 SF
Lot 2.09 ac (90,940 SF)
Zoning code CG
APN 0496-08-0007
UPID US18-3414564
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.41M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.81M
Blend (final) Blend
$2.26M
Owner & transaction history
Beverly Point Apartments INC · 4 yrs held
Beverly Point Apartments INC
since 2021
Last sale
$1.8M
2 recorded transactions
2021
$1.8M
2018
$1.7M
Zoning & alternative use
CG · Englewood, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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