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Restaurant Space Near Palm Aire

5897 Whitfield Avenue, Sarasota, FL 34243

For Lease
$23 SF/Yr

Restaurant space with full kitchen, seating, and outdoor options.

Space Size2,000 SF - 4,264 SF
Property Size14,030 SF
Days on Market175

Property Features for 5897 Whitfield Avenue

General Information

Standard status Active
Size 2,000 SF - 4,264 SF
Property subtype Retail - Restaurant

Building Details

Building Size 14,030 SF

Spaces For Lease

at 5897 Whitfield Avenue
5897 $23/SF/Yr
Floor 1
Size 2,000-4,264 SF
Type Retail
Lease Type NNN
Availability Immediate
Sublease No
Renewal Option Yes
Contact us
Listing Agency: Core Commercial Group
Listed By: Diane Lawson · License FL BK581055
Source: Commercialcafe
Added: May 19 Changed: Oct 25 Last Checked: Nov 8 at 2:11AM

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 Core Commercial Group

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Investment Insights

Based on property information with market context.

Located at the entrance to Palm Aire Country Club, this property is suitable for a restaurant. The space is over 4,000 square feet and is situated in a mixed residential and commercial area. The property is near The Mall at University Town Center and University Parkway, enhancing visibility and accessibility. The Sarasota-Bradenton International Airport is also nearby. The Ringling Museum of Art and Nathan Benderson Park are in close proximity. The restaurant space includes a full kitchen and seating, a covered patio, outside seating, and an outside cooler/freezer. The outside areas are not included in the square footage. Additional outdoor area in the rear allows for increased seating capacity. Ample parking is available. The property is located within Palm Aire Plaza.

Key Highlights

  • Prime location at the entrance to Palm Aire Country Club.
  • Existing restaurant space with full kitchen and seating.
  • Competitive lease rate.

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Pour Decisions Restaurant Pour Decisions Saloon ... Bar & Pub

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Auto Repair Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$3.45 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

170
Businesses Nearby
Under-served
Demand for This Use

Demographics for 34243, FL

30,107
Population
16,287
Households
1.8
Avg Household Size
54
Median Age
43%
College-Educated
95%
High-School Grad
18.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$79,799
Median Household Income
$42,586
Median Earnings
$1,960
Median Rent
$395,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Sarasota, FL

6.3% 2020
4.6% 2021
3% 2022
3.3% 2023
3.4% 2024
3.9% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Restaurant space with full kitchen, seating, and outdoor options.
Where is this conventional restaurant located?
The property is located at 5897 Whitfield Avenue Sarasota, FL.
What is the lease rate?
The lease rate is $23 SF/Yr.
What are key features of this property?
This property features: Prime location at the entrance to Palm Aire Country Club.; Existing restaurant space with **full kitchen and seating**.; Competitive lease rate.
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