976 S River Rd Englewood, FL 34223
- Warehouses
- 16,000 SF
- 1.10 lot acres
Current Use by Public Records
- Warehouses
Property Details for 976 S River Rd
- Year built
- 1980
- Lot size
- 1.10 lot acres
- Property size
- 16,000 SF
- Zone code
- ILW
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 0850-05-0013
- APU
- 850050013
Description
This exceptional 9-unit flex warehouse complex, located at 976 S River Rd, Englewood, FL 34223, presents a compelling investment opportunity. The property boasts a total of 16,000 square feet of versatile industrial space, situated on a generous 47,916 square foot lot. Currently, one 2,000 square foot unit is available for lease. Built in 1980, the property is zoned ILW and features a multi-tenant occupancy. The address is conveniently located in Sarasota County, Florida. The property's substantial size and flexible space make it ideal for a variety of businesses requiring warehouse and/or flex space. Its location in Englewood offers easy access to major transportation routes and amenities. The property's 1980 construction provides a solid foundation for future growth and adaptation. The ample lot size offers potential for expansion or future development. This is a rare opportunity to acquire a well-situated industrial property in a thriving Florida market. The property's Sarasota County location and ILW zoning provide a stable and attractive investment profile. The available unit presents immediate income potential, while the remaining units offer long-term rental income opportunities. The property's size and location make it an excellent choice for investors seeking a strong return on investment. The parcel number is 0850050013.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,100,000
- 6.5%
- $1,140,000
- 7%
- $1,010,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $995,000
- Geo Method
- $1,050,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,255,000
- Retail
- $1,170,000
- Mixed-Use
- $1,160,000
- Hospitality
- $1,160,000
- Educational
- $1,215,000
- Residential Income
- $1,035,000
- Energy
- $1,245,000
- Income-Based Land
- $1,125,000
- Food Service
- $995,000
Location Insight
- Map
- Local Demand
- City
- Englewood
- County
- Sarasota
- State
- Florida
- Longitude
- -82.3319
- Latitude
- 26.9667
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
