370 PINE STREET

ENGLEWOOD, FL 34223

Listing courtesy of SVN COMMERCIAL ADVISORY GROUP · MLS# A4673270

$1,250,000

Pending

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Property Details

Lot size

7.5 acres

Zoning

RMF2

Price / acre

$166,667

MLS#

A4673270

Listed

November 24, 2025

Description

We are pleased to present this exceptional 7.5 +/- acre residential development site, located in central Englewood close to the downtown village area of Dearborn Street. Pine Street is a North-South Connector Road between Dearborn Street and South McCall Road which offer traffic counts of 16,800 and 34,500 respectively. This incredible opportunity is already zoned Residential Multifamily 2 (RMF-2) and is ideal for the development of up to 67 residential units, or up to a 270 bed Assisted Living Facility. There is potential to rezone to RMF-3 for up to 97 multifamily units, with potential to utilize Sarasota County's "Half Unit" calculation of 750 SF maximum to allow for additional units. This site is very close to all amenities in the area including Publix shopping centers on the retail corridor along Highway 776, numerous Gulf beaches and golf courses, HCA Englewood Hospital, Englewood YMCA, and Cool Today Park (Spring Training Home of the Atlanta Braves). Additionally several residential neighborhoods are coming soon to the surrounding area that include Generations Englewood- a 306 unit apartment community by Kaplan Residential, Shores at Stillwater- a 255 lot single-family subdivision by Pulte Homes, and Sandpiper Pointe- an 85 lot Single-Family Subdivision by M/I Homes.

Facts & Costs

Property type: Land
Zoning: RMF2
Current use: Residential
Lot dimensions: 590 x 542
Price per acre: $166,667
Road frontage: City Street
Road surface: Asphalt
Lot size: 7.5 acres
Days on market: 311
Waterfront: No
Subdivision: ENGLEWOOD GARDENS
County: Sarasota
Flood zone: AE

Monthly & yearly costs

Property taxes: $3,773 / year (2024)

As reported by the listing agent. Verify with the HOA and county.

Utilities & lot

Utilities: Electrical Nearby, Sewer Nearby, Water Nearby

Payment Estimate

$6,635 / month

Principal & interest: $6,321
Property taxes: $314
HOA: $0
Home insurance: enter below

Down payment (20%)$250,000Interest rate (%)Loan termHome insurance ($/year)

Estimate only, not a loan offer. Rate is a starting value; taxes and HOA are as reported by the listing agent. Florida insurance (including flood) varies widely. Ask George for a lender referral.

Location

Information deemed reliable but not guaranteed.

Listings courtesy of Stellar MLS as distributed by MLS GRID

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