$1,800,000

916 S River Road

ENGLEWOOD FL, 34223

Description

$200K PRICE IMPROVEMENT! Unlimited potential at this prime location featuring both storage and strip retail/office space over three freestanding buildings on 1.6 acres. Zoned ILW with no master association and correlating fees. Positioned on South River Road which serves as a major thoroughfare connecting Englewood to the urban centers of Venice and North Port. Ten miles to the Northeast is I-75, 5 miles to US 41 and just over a mile to SR 776. The area is experiencing tremendous growth in population with booming housing starts. .4 mile to the east is Beachwalk Preserve, a 93-acre PUD that is permitted to accommodate 325 residential unit types including SFR detached homes, lot line homes, patio homes and villas. 5 miles from the 10,000 acres of West Villages which is 4th fastest growing community in the US. 1100 homes were built in 2018 alone! The 4-unit strip is facing River Rd with solid exposure and high traffic counts. Each unit is 1400 sq ft with its own electric meter, HVAC, sprinkler system and ADA compliant restroom. The middle units have been combined with an added overhead door to accommodate current tenant. Can be converted back easily. Totaling 10,932 sq ft, the rear two buildings house 54 units of storage on a separate electric meter. There are 22-5x8 units, 8-9x20 units and 24-12x23 units. Built in 2006 with block construction and metal roofing, these buildings will withstand. Please inquire about financial data.

Details

MLS#C7411591
StyleRetail
Sub-TypeResale
StatusPending
Year2006
Days On Site242

Features

SQ Feet16,632
Story(s)1
ZoningILW

Loading Form

Loading Form

Area Information

StateFL
CountySarasota
CityENGLEWOOD
Zip Code34223
Area34223 - Englewood
Listing VS Median (in 34223)
Price:
$1,800,000
low | high
Med:
$278,000
100% of Average
SqFt:
16,632
low | high
Med:
1,144
100% of Average
$ / SqFt:
$108
low | high
Med:
$243
74.735593220339% of Average
On Site:
242
low | high
Med:
295.500000
81.895093062606% of Average
Listing Updated: 10/12/2019
MLS Number: C7411591
Listing Provided By:
Nicole Smith-Mayle  of  REALTY BY DALE THOMAS

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.