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    3255 University Pkwy Sarasota, FL 34243

    For Lease
    Contact for pricing

    Former Applebee's restaurant available for rent in Sarasota, Florida.

    Property size:
    5,232 SF
    Lot size:
    0.90 Acres

    Property Features for 3255 University Pkwy

    General Information

    Size
    5,232 SF
    Lot size
    0.90 Acres

    Source: Trinity Commercial Group, Inc. Agent Matt Fredrickson

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

    Overview

    Turn-key Restaurant Opportunity

    This property, formerly an Applebee's restaurant, is available for rent. It is located at the northeast corner of University Parkway and Lockwood Ridge Road, benefiting from a combined traffic count of approximately 90,000 vehicles per day. The surrounding area includes approximately 73,000 residences within a 5-mile radius. The average household net worth within a 5-mile radius is $1.34 million. The property is suitable for use as a turn-key restaurant. The property has a size of 5,232 square feet.
    Location Intelligence

    Current Use by Public Records

    Applebee's Grill + Bar Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Manatee
    State
    Florida
    Longitude
    -82.5031276
    Latitude
    27.3891783

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    FAQs

    What type of property is this?
    Turn key restaurant - Former Applebee's restaurant available for rent in Sarasota, Florida.
    Where is this turn key restaurant located?
    The property is located at 3255 University Pkwy Sarasota, FL.
    What are key features of this property?
    This property features: - Turn-key Restaurant / Former Applebee's; - 90,000± VPD Combined; - $1.34 Million Average Household Net Worth within 5 Mile Radius
    (239) 588-0471
    Request Owner's contact information
    3255 University Pkwy Sarasota, FL 34243
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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
    3255 University Pkwy Sarasota, FL 34243
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