San Casa Square

For Sale

2961 Placida Rd, Englewood, FL 34224

This Englewood property for sale is located at 2961 Placida Rd. The current listed sale price for San Casa Square is $2,450,000. San Casa Square is situated on a lot that is 1.22 acre in size.

Contacts

broker
Michael Mahan

Lee & Associates

Property Details

  • Property Type Retail - Strip
  • Property Size 13,385 SF
  • Units 7
  • Lot Size 1.22 Acre
  • Parking Ratio 4.33 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1993
  • Date Updated Jul 7, 2025
The asset is centrally located between Englewood to the north and Boca Grande to the southThis fully leased, multi-tenant retail strip center is located at a signalized, high-traffic intersection at Placida Road and San Casa Drive in Charlotte County. This offering represents an excellent investment opportunity with value-add potential, as several rents are currently below market. The center is situated in a well-traveled corridor near the water and consists of a single building with seven tenants on approximately 1.22 acres. The site sits on higher ground and did not experience flooding during recent storms. It also features a diverse tenant mix, with many long-term leases in place. Several of these leases include built-in rent increases, offering a projected CAP rate of over 6% based on future NOI. Ownership has recently made a substantial investment in improvements, including: ∙Exterior repainting ∙New pylon sign ∙New illuminated tenant signage above each unit ∙New light fixtures installed at the rear entrances of all units ∙New HVAC units in several tenant-occupied spaces ∙Restriping of the parking lot and installation of new parking curbs ∙Resurfacing of the front sidewalk
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Highlights

  • EXCELLENT EXPOSURE: Highly sought-after corner location on Placida Road provides high visibility and exposure
  • HIGH TRAFFIC COUNTS: The center fronts one of the most heavily traveled corridors, just minutes from the water
  • VALUE-ADD OPPORTUNITY: Below market rents currently in-place with some long-term tenants, offering potential upside for investors

Getting around

  • 33/100

    Walk Score ®

  • 66/100

    Bike Score ®

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Location

  • City Englewood, FL
  • Neighborhood Grove City
  • Zip Code 34224
  • Market Southwest Florida Coast

Points of Interest

  • Citgo

    0.38 miles

  • Sunoco

    1.19 miles

  • Shell

    1.76 miles

  • Murphy USA

    1.81 miles

  • RaceTrac

    2.00 miles

  • Mobil

    6.37 miles

  • 7-Eleven

    9.50 miles

  • Recreational Vehicle Parking

    3.43 miles

  • Manasota Beach Dropoff Lot

    8.67 miles

  • Ricaltini's Bar and Grille

    0.15 miles

  • Burger King

    1.86 miles

  • Denny's

    1.95 miles

  • Taco Bell

    1.95 miles

  • Sandbar Tiki & Grille

    2.29 miles

  • Lock ‘N Key Restaurant

    2.34 miles

  • McDonald's

    2.45 miles

  • Texas Best BBQ

    3.00 miles

  • China 1

    3.90 miles

  • Arthurs Restaurant

    4.00 miles

  • Walmart Supercenter

    1.72 miles

  • Winn-Dixie

    1.85 miles

  • Bealls

    1.87 miles

  • Publix

    1.94 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Michael Mahan

Lee & Associates

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