Englewood Industrial Land

0 S. River Rd Englewood, FL 34223

0 S. River Rd, Englewood, FL, 34223
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FOR SALE
Property Type:
Other Land
Amount:
$699,000
Last Verified:
Dec 19, 2022

Highlights

  • 5 Acres of vacant land
  • One of the fastest growing areas in the country
  • Potential for up to 50,000 square feet of industrial space
  • Ideal for businesses supporting local growth
  • PID Zoning and MEC Future Land Use

Description

The Subject Property is 5 Acres of vacant land located on South River Road in Sarasota County. This piece of property offers the opportunity for industrial development. Typically industrial land of this size can accommodate a structure of up to 50,000 square feet of which there is a need in the local market. Additionally, the Subject Property is located near the intersection of US-41 and State Road 776 and County Road 777 allowing for easy transportation throughout southwest Florida.

The Subject Property has a zoning designation of Office, Planned Industrial Development (PID) with an underlying zoning and future land use (FLU) of Major Employment Centers (MEC). Due to its location and zoning, the Subject Property will be attractive to those looking to develop industrial space.

Located on South River Road in Englewood, Florida, the Subject Property is ideally situated in an area that has accomplished consistent growth, which makes it perfect for businesses supporting that growth in need of industrial property . The surrounding area between Englewood and North Port is experiencing significant growth and development which should benefit the Subject Property. Additionally, major retailers that include Publix, Bealls are all within 3 miles of the Subject Property. Convenient access to major highways, such as, US-41, County Road 777, State Road 776 and other thoroughfare roads makes for easy travel throughout the Sarasota MSA.

Englewood has experienced significant growth since the year 2000 and is expected to experience even further explosive growth with current trends showing greater than 1,000 people moving to Florida every day. In Englewood, median household incomes are up over 60% while property values have increased nearly 131% since 2000. Englewood is primed to see continued growth in all areas of the local economy which will certainly benefit the Subject Property.

Lot Size: 5.0 acres

Map of 0 S. River Rd, Englewood, FL, 34223

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.