Build 161 Apartments In Englewood!
Listing was updated at: 09/16/2019
Property Overview
Price/Rent PSF $ 2,415,000.00
Asset Type Land
Trade Type Sale
Acres Available 6.20
Date Available 09/16/2019
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Description

Location
Indiana Ave. to Quails Run Blvd., the site is on Quails Run Blvd. just east of Indiana Ave.

Sale
In March of 2019 the County approved a Unified Development Code Amendment that allows for 750/SF units or smaller to be considered ½ dwelling units which takes the potential density at Quails Run Blvd. to 161 units. There is also the potential to have the Englewood CRA assist in the payment of the impact fees associated with construction.

This 6.2 acre site is ideally located just off S. Indiana Ave. is very close to restaurants, shopping and Lemon Bay. Another feature of this property is most of the horizontal engineering is currently in place, the cost of pulling and installing the water/sewer and life safety elements is valued at over $1,000,000, which also includes the site being up to grade with additional fill on site. The property is very quiet and abuts a well maintained sub-division named Quail Run. The location is ripe for new development as the area has seen strong residential leasing and sales over the past 2 years.

Location