5
Map
$625,000
↓ $50K (7.4%)
●
Land -
For Sale
2440 PLACIDA ROAD
ENGLEWOOD, FL 34224
Studio
0 Bath
$3,827
Est. Monthly
About This Property
Outstanding Commercial vacant land investment opportunity. Own an
entire block, 1.24 acres along Placida Rd from Oregon Trail to
Illinois Ave in Grove City that is zoned Commercial Tourist. Zoning
offers an enormous array of businesses and development options. The
high rate of growth in the area makes it ideal as well, but with
already established nearby shopping, restaurants, and marinas. A
high traffic and growing thoroughfare, Placida Road is a main
artery for traffic north to Venice, Englewood, Rotonda, and south
to legendary Boca Grande. The Englewood area is a vacation
destination and a growing community, with many amenities including
fabulous fishing, beautiful beaches, great golf, and community
events.
Unit Size
-
Days on Market
499 days
Land Size
1.24 acres
Price per sqft
-
Property Type
Land
Property Taxes
$758
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 10 months ago (Stellar MLS #D6142606)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 23, 2025 | Price Decreased |
$625,000
↓ $50K
(7.4%) | |
| Price Decreased | |||
| Jun 4, 2025 | Listed by MICHAEL SAUNDERS & CO. - BOCA | $675,000 | |
| Listed by MICHAEL SAUNDERS & CO. - BOCA | |||
| May 20, 2022 | No longer available | - | |
| No longer available | |||
| Apr 29, 2022 | In contract | - | |
| In contract | |||
| Mar 12, 2022 | Listed by PARADISE EXCLUSIVE INC | $399,000 | |
| Listed by PARADISE EXCLUSIVE INC | |||
| | |||
|
Fantastic Commercial Investment Opportunity!!! Vacant land in Charlotte County, zoned Commercial Tourist. This is an ideal location for your next business venture, with already established nearby shopping, restaurants, and boat marinas. Conveniently located on Placida Road, a main travel corridor in Englewood, and when driving out to Boca Grande. The Englewood area is a vacation destination and a growing community, with many amenities including fabulous fishing, beautiful beaches, great golf, community events and so much more! Don't miss out on this rare opportunity! Act Now!
| |||
Property Highlights
Exterior Details
Building Area Units: Square Feet
Lot Features: Buildable, Near Marina, Oversized Lot
Lot Size Area: 1.2397
Lot Size Units: Acres
Lot Size Acres: 1.24
Lot Size Square Feet: 54000
Lot Size Dimensions: 300 x 180
Tax Lot: 1
Water Source: Public
Financial Details
Tax Annual Amount: $9,093
Utilities Details
Sewer : Public Sewer
Comparables
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Status
Status
Type
Beds
Baths
ft²
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HOA + Taxes
About Grove City
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Listed by: John Harms
MICHAEL SAUNDERS & CO. - BOCA
Last Updated: 10 months ago
Data Source: Stellar MLS, MLS# D6142606
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
MICHAEL SAUNDERS & CO. - BOCA
Last Updated: 10 months ago
Data Source: Stellar MLS, MLS# D6142606
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017