167 Dearborn StEnglewood, FL 34223

Property Details for 167 Dearborn St

Year built

1958

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.91 AC

Property size (Sq ft)

7,560 SF

Zone code

MSOD; CG

Property type

Retail properties

Property subtype

Retail space

APN

0503-01-0007

APU

503010007

Description

This exceptional 7,560-square-foot storefront property, located at 167 W Dearborn St in Englewood, Florida (34223), presents a compelling investment opportunity. Built in 1958, this single-story building sits on a substantial 39,804-square-foot lot and is zoned CG. The asking price is $1,900,000, translating to $251.32 per square foot. Its prime corner location in downtown Englewood, at the intersection of W. Dearborn St and S. McCall Road, ensures high visibility and accessibility. The property benefits from significant foot traffic, amplified by its proximity to numerous community events including art shows, car shows, concerts, a seafood festival, and a beer fest. Ample parking is available for customer and tenant convenience. Further enhancing its appeal, the property is situated near a new waterfront marina development featuring a restaurant and upscale apartments, and a thriving Thursday farmers market (October-April). The area is experiencing significant growth, with a new public golf course under development on W. Dearborn Street. This property offers a unique blend of established success and exciting future potential within a vibrant and growing community. The building consists of one structure with a net rentable area of 7,560 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $2,947,889

  6.5%

  $2,721,128

  7%

  $2,526,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,821,854

  Geo Method

  $3,479,321

• Alternative Use

  Use

  Valuation

  Residential

  $2,295,374

  Hospitality

  $2,102,550

  Educational

  $1,749,297

  Medical

  $1,809,458

  Retail

  $2,721,128

Location Insight

City

Englewood

County

Sarasota

State

Florida

Latitude

26.9618

Longitude

-82.3566

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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