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    140 University Town Center Dr Sarasota, FL 34276

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    For Lease
    Contact for pricing

    Restaurant space with patio available at UTC Mall.

    Property size:
    7,000 SF
    Lot size:
    61.39 Acres

    Property Features for 140 University Town Center Dr

    General Information

    Size
    7,000 SF
    Lot size
    61.39 Acres

    Source: Colliers | Tampa Agent Melissa Riccardi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Restaurant Space at UTC Mall

    This second-generation restaurant space is available for rent at the UTC Mall. The property, formerly Kona Grill, features 7,000 square feet of restaurant area plus a 2,677-square-foot patio. It is located on the east side of the lifestyle shopping center, offering direct visibility from I-75 and easy access via exit 213 diverging diamond interchange. The space offers prime visibility at the mall entrance, directly adjacent to the highly anticipated Dick’s House of Sport, coming soon. The mall at UTC, opened in 2014, is an enclosed two-level indoor mall featuring more than 100 stores, anchored by Saks Fifth Avenue, Macy’s, and Dillard’s, and several high-end restaurants as well as casual eateries. The UTC Mall and district area together include more than 300 stores, with big box retailers, restaurants, hotels, offices, the Nathan Benderson Park rowing venue, upcoming Mote Science Education Aquarium (Mote Sea), and plans for additional entertainment venues. The restaurant includes a full-service bar, liquor license, and all furniture, fixtures, and equipment (FFE). The open concept is suitable for a variety of restaurant uses. The location at the UTC Mall/District is a major power retail area with more than 20 million visitors per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    PacSun Clothing Store Forever 21 Clothing Store lululemon Sportswear Store LOFT Women'S Clothing Store Buckle Women'S Clothing Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Fresh Market Catering

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.4531806
    Latitude
    27.3860056

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    FAQs

    What type of property is this?
    Restaurant - Restaurant space with patio available at UTC Mall.
    Where is this restaurant located?
    The property is located at 140 University Town Center Dr Sarasota, FL.
    What are key features of this property?
    This property features: - Prime location at UTC Mall, a high-traffic retail destination.; - Existing restaurant infrastructure: **7,000 SF restaurant space plus a 2,677 SF patio**, full-service bar, liquor license, and all Furniture, Fixtures, and Equipment (FFE) included.; - High visibility location at the mall entrance with direct exposure from I-75.
    (917) 744-1745
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    140 University Town Center Dr Sarasota, FL 34276
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    Sarasota, FL 34276
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    140 University Town Center Dr Sarasota, FL 34276
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