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    115 W Dearborn Street

    Englewood, FL 34223
    • $799,000
    • STATUS: Pending
    • ON SITE: 744 Days
    • MLS #: C7421219
    Pending
    UPDATED: 46 min ago
    $799,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,720
      SQFT
    • $294
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1957
    County:
    Area:

    School Ratings & Info

    Description

    Excellent investment opportunity in one of the most in demand areas in SW Florida. This is a fully leased restaurant on Dearborn St. in Englewood. The property was completely renovated in 2011 and is in excellent condition. Building is on two lots with the extra lot providing excellent parking (could also be utilized for future expansion). There is also street parking along New York Ave. Tenant has been in place for approximately 5 years and recently signed a new 3 year lease (expires 6/30/22). Tenant pays base rent, utilities, all maintenance and insurance. Capitalization based on the list price is 6.49%. This property may be available for owner occupancy prior to the expiration of the lease. If you have an interest in occupying the building and operating a restaurant, let's talk. All information provided is subject to confirmation by the buyer.

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    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-10-25T12:44:15.347.
    www.mybrcgroup.com/homes/99887217
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    115 W Dearborn Street Englewood, FL 34223

    • Price: $799,000
    • Status: Pending
    • Updated: 46 min ago
    • MLS #: C7421219
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    2,720
    SQFT
    $294
    $/SQFT
    1957
    Built
    Neighborhood:
    Englewood
    County:
    Sarasota
    Area:
    Englewood
    Property Description
    Excellent investment opportunity in one of the most in demand areas in SW Florida. This is a fully leased restaurant on Dearborn St. in Englewood. The property was completely renovated in 2011 and is in excellent condition. Building is on two lots with the extra lot providing excellent parking (could also be utilized for future expansion). There is also street parking along New York Ave. Tenant has been in place for approximately 5 years and recently signed a new 3 year lease (expires 6/30/22). Tenant pays base rent, utilities, all maintenance and insurance. Capitalization based on the list price is 6.49%. This property may be available for owner occupancy prior to the expiration of the lease. If you have an interest in occupying the building and operating a restaurant, let's talk. All information provided is subject to confirmation by the buyer.
    Exterior Features

    Construction Materials Block Covered Spaces 0 Open Parking YN No Road Frontage Type County Road Water Access Yn No Water Extras Yn No Water View Yn No Waterfront Feet Total 0 Waterfront Yn No

    Interior Features

    Building Area Total 3702 Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Sewer Public Sewer

    Property Features

    Business Type Bar/Tavern/LoungeRestaurantRetail Condo Environment Yn No Flood Zone Code X500 New Construction Yn No Ownership Corporation Property Sub Type Retail Special Listing Conditions None Tax Annual Amount 4933.56 Total Annual Fees 0 Total Monthly Fees 0 Utilities Public Zoning Cg


    Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
    Listing provided courtesy of Riverside Realty Services Llc.



    © 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-10-25T12:44:15.347.
     
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    The BRC Group, LLC
    333 Park Ave, P.O. Box 1990
    Boca Grande FL, 33921