2440 Placida Road

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2440 Placida Road

Englewood, FL 34224
Asking Price
$625K
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 1.24 acres of developable land for sale
  • Strategically positioned near the intersection of Oregon Trail and Placida Road
  • Asking price for this Englewood land parcel is 625000 dollars
  • Asset is situated in a growing Florida coastal submarket
  • Property features prominent frontage along a key local thoroughfare

What's Special

Development of this 1.24-acre parcel at 2440 Placida Road offers significant potential in a growing Englewood market. Situated near the intersection of Placida Road, Oregon Trail, and Illinois Avenue, the site benefits from accessible positioning within the region. Englewood remains a desirable coastal area known for its proximity to the Gulf of Mexico and stable population growth, making this land suitable for a range of commercial or residential development projects. Prospective investors and developers will find this site provides a blank canvas for projects that cater to the needs of the expanding local community and regional visitors. Its location on a well-trafficked corridor supports various potential use cases, allowing for flexibility in project planning and site layout to maximize the value of the land parcel. Strategic acquisitions in this area continue to be a focus for those looking to establish a footprint in this Florida submarket.

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NOI
$80,000
Cap Rate
12.80%
DSCR
2.16
Strong
Cash-on-Cash
22.88%
Monthly Payment
$3,092.159
Annual Cash Flow
$42,894.092

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