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Under contract-accepting backup offers. Investor Alert: Commercial Duplex in the Path of Englewood’s Waterfront Growth
Opportunity meets location at 2004 Wisconsin Ave in Englewood, where income potential and future redevelopment converge. Positioned on a corner lot where Wisconsin Ave ends at Lemon Bay and just off **Placida Rd—one of the area’s primary north/south corridors—**this commercially zoned (CG) duplex sits directly in the path of continued waterfront expansion.
Adding to the strategic value, a neighboring marina has already begun acquiring surrounding properties and expanding its footprint, placing this site in a prime position for future commercial demand tied to Englewood’s growing boating and waterfront economy.
The property features a 1, 536 sq ft duplex with two 2-bedroom, 1-bath units, each with separate utilities. The building is fully vacant, giving investors immediate control to renovate, reposition, and lease for income—or reimagine the site entirely.
Recent improvements include a new roof (2022), providing confidence for investors planning to hold and improve while exploring long-term redevelopment opportunities. With approximately four parking spaces possible and Commercial General zoning, the property allows for a wide range of uses including office, retail, marine-related services, short-term rental concepts, or a complete redevelopment aligned with the area's evolving commercial landscape.
Whether your strategy is to renovate and rent for cash flow, hold for appreciation as the marina expansion continues, or redevelop the site into a commercial venture, this property offers the flexibility savvy investors look for in a coastal growth market.
Vacant, strategically located, and positioned for upside—opportunities like this near the water and major thoroughfares are increasingly rare.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $212,000 | $212,000 | $212,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $383 | $383 | $383 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,305 | $1,339 | $1,760 |
| Total Monthly Payment | $1,763 | $1,797 | $2,218 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.