2730 Worth AveEnglewood, FL 34224

Property Details for 2730 Worth Ave

Lot size

0.69 AC

Zone code

IG INDUSTRIAL-GENERAL

Property type

Specialty properties

Property subtype

Other shopping centers

APN

41-20-09-851-000

APU

412009851000

Description

This exceptional 1200-square-foot warehouse condo presents a rare investment opportunity in Englewood, Florida. Strategically located in a bustling central area, this property enjoys convenient access to major roadways including Winchester, San Casa, Placida Road, SR 776, CR 775, and Highway 41, ensuring seamless transportation and logistics. The unit itself is zoned Industrial General and boasts a versatile layout. Currently configured with a reception area, coffee bar, three offices, and a storage area, plus a private bathroom, the space offers significant flexibility. The potential exists to create up to five offices by removing a partition wall behind the roll-up door, allowing for customization to suit diverse business needs. The interior is primarily designed for office and storage use. The entire building benefited from a new metal roof installation in 2023, enhancing its longevity and curb appeal. Low maintenance is ensured through a quarterly HOA fee of $800, which comprehensively covers lawn care, building insurance, trash removal, electricity, water, and reserve fund contributions. Individual units are responsible for their own Florida Power & Light (FPL) bill, estimated at approximately $100 per month. The property sits on a 0.09-acre lot, providing ample space for potential future expansion or outdoor use. This turnkey opportunity is ideal for a variety of businesses seeking a well-maintained, conveniently located space.

• CAP approach

  CAP return

  Valuation

  6%

  $11,696,023

  6.5%

  $10,796,329

  7%

  $10,025,163

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,163,557

  Geo Method

  $13,804,527

• Alternative Use

  Use

  Valuation

  Residential

  $9,107,107

  Hospitality

  $8,342,062

  Educational

  $6,940,497

  Medical

  $7,179,192

  Retail

  $10,796,329

Location Insight

City

Englewood

County

Charlotte

State

Florida

Latitude

26.9184

Longitude

-82.3097

CBSA code

39460

CBSA name

PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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