612 Indiana AveEnglewood, FL 34223

Property Details for 612 Indiana Ave

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

2.09 AC

Property size (Sq ft)

22,091 SF

Zone code

CG

Property type

Retail properties

Property subtype

Retail space

APN

0496-08-0007

APU

496080007

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $8,613,997

  6.5%

  $7,951,382

  7%

  $7,383,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,167,799

  Geo Method

  $10,166,888

• Alternative Use

  Use

  Valuation

  Residential

  $6,707,288

  Hospitality

  $6,143,840

  Educational

  $5,111,602

  Medical

  $5,287,398

  Retail

  $7,951,382

Location Insight

City

Englewood

County

Sarasota

State

Florida

Latitude

26.9734

Longitude

-82.3545

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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