Restaurant Building with Rear
For Sale
$699,000
5666 SWIFT ROAD, Sarasota, FL 34231
Restaurant building in a strip center with back alley access, equipped with a grease trap and range hood.
Property Size2,217 SF
Price / SF$315.29
Days on Market158
Property Features for 5666 SWIFT ROAD
General Information
Standard status
Active
Size
2,217 SF
Zoning
CI
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,931
Amenities
Bathrooms, Kitchen Facility
Other
Refrigerator
Building Details
Building Size
2,217 SF
Year Built
1970
Stories
1
Listing Agency:
RE/MAX Alliance Group
Listed By:
Erick Shumway · License #3252868
(941) 544-3718
Source:
Evrealestate
Added: May 7
Changed: Oct 3
Last Checked: Oct 9 at 8:39PM
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 RE/MAX Alliance Group
Investment Insights
Based on property information with market context.
This for-sale restaurant property is located in a strip center and has been operating as a restaurant for more than 56 years. The building includes key food-service infrastructure with a grease trap and a range hood, supporting day-to-day kitchen operations. The layout also provides rear access via a back alley, which can be useful for service and deliveries.
The property is situated on the west side of Swift Rd in Sarasota. It is part of an established retail strip environment, and the back alley arrangement provides an additional access point separate from the primary storefront frontage.
For buyers and operators seeking a turn-key-style restaurant site, the presence of a grease trap and range hood helps reduce the work needed to support commercial cooking. The rear access alley can also streamline service-related movements for kitchen operations. Zoning is described as great C-I zoning in the remarks, which may support a compatible range of commercial uses—buyers should verify permitted uses with the appropriate local authorities.
The property is situated on the west side of Swift Rd in Sarasota. It is part of an established retail strip environment, and the back alley arrangement provides an additional access point separate from the primary storefront frontage.
For buyers and operators seeking a turn-key-style restaurant site, the presence of a grease trap and range hood helps reduce the work needed to support commercial cooking. The rear access alley can also streamline service-related movements for kitchen operations. Zoning is described as great C-I zoning in the remarks, which may support a compatible range of commercial uses—buyers should verify permitted uses with the appropriate local authorities.
Key Highlights
- Restaurant building in a strip center, built in 1970
- Located on the west side of Swift Rd, with C‑I zoning
- Operated as a restaurant for over 56 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,220
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,400
$784.4K
Cap Rate 7%
$560,286
$560.3K
Cap Rate 9%
$435,778
$435.8K
Market Conditions
NOI Build-Up for 2,217 SF
Gross rent
$55.3K $24.96/SF
− Vacancy
−$3.0K −$1.37/SF
EGI
$52.3K $23.59/SF
− OpEx
−$13.1K −$5.90/SF
NOI
$39.2K $17.69/SF
Area
Sarasota County, FL
Vacancy
5.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$784,400
Cap Rate 7%
$560,286
Cap Rate 9%
$435,778
Alternative Uses
Best Use
Specialty Retail
$560.3K
$490.3K – $653.7K
NOI $39,220 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.1K
$551.3K – $735.1K
NOI $44,106 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 65%
Shops & Services 29%
Dining 6%
DG Ace Hardware
Home Improvements & Furnishings
10,587 visits/mo
0.1 miles
Dollar General
Shops & Services
4,362 visits/mo
0.1 miles
Donatos Pizza
Dining
990 visits/mo
0.2 miles
AAMCO Transmissions
Shops & Services
345 visits/mo
0.2 miles
Demographics for 34231, FL
31,492
Population
19,017
Households
1.7
Avg Household Size
55
Median Age
38%
College-Educated
95%
High-School Grad
9.4 sq mi
ZIP Area
3,350
Density / Sq Mi
$69,721
Median Household Income
$40,608
Median Earnings
$1,707
Median Rent
$363,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Sarasota, FL
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant building in a strip center with back alley access, equipped with a grease trap and range hood.
Where is this conventional restaurant located?
The property is located at 5666 SWIFT ROAD Sarasota, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Restaurant building in a strip center, built in 1970; Located on the west side of Swift Rd, with C‑I zoning; Operated as a restaurant for over 56 years
