Well-Maintained Two-Story Drive-Thru
2891 S Tamiami Trl Sarasota, FL 34239
For Sale
Contact for pricing
Two-story building with four drive-thru lanes, ready for occupancy, on a signalized corner near Sarasota Memorial Hospital.
Property Size15,047 SF
Price / SF$265.83
Days on Market435
Property Features for 2891 S Tamiami Trl
General Information
Standard status
Active
Size
15,047 SF
Property subtype
RETAIL
Listing Agency:
Atlantic Retail | Pittsburgh
(407) 919-6144
Listed By:
Suzanne Pinel Washburn
Source:
Moodyscre
Added: May 21, 2025
Changed: Jul 28
Last Checked: Jul 29 at 2:16PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Atlantic Retail | Pittsburgh
Investment Insights
Based on property information with market context.
Well maintained 15,047-square-foot, two-story building that is ready for occupancy. The property is designed with four (4) drive-thru lanes and offers a configuration that can support an owner-user office use or be evaluated for redevelopment.
The site is located at 2891 S Tamiami Trl, Sarasota, FL 34239, positioned as a signalized corner near Sarasota Memorial Hospital. Please note there are restrictions against use as a financial institution for two years.
The site is located at 2891 S Tamiami Trl, Sarasota, FL 34239, positioned as a signalized corner near Sarasota Memorial Hospital. Please note there are restrictions against use as a financial institution for two years.
Key Highlights
- 15,047 SF two‑story building ready for occupancy
- Signalized corner location near Sarasota Memorial Hospital
- Four (4) drive‑thru lanes
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $346.7k | $23.04 |
| − Vacancy | −$19.1k | −$1.27 |
| EGI | $327.6k | $21.77 |
| − OpEx | −$81.9k | −$5.44 |
| NOI | $245.7k | $16.33 |
15,047 SF · lease $23.04/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.51M
$3.07M – $4.10M
NOI $245,711 @ 7.0% cap · market cap 6.14%
Second Best
Specialty Retail
$2.83M
$2.48M – $3.30M
NOI $198,259 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$4.42M
$3.87M – $5.16M
NOI $309,739 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two-story building with four drive-thru lanes, ready for occupancy, on a signalized corner near Sarasota Memorial Hospital.
Where is this retail space located?
The property is located at 2891 S Tamiami Trl Sarasota, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 15,047 SF two‑story building ready for occupancy; Signalized corner location near Sarasota Memorial Hospital; Four (4) drive‑thru lanes
