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    University Pkwy & Lockwood Rdg Rd Sarasota, FL 34243

    Sponsored
    For Lease
    Contact for pricing

    Prime Sarasota retail space available.

    Lot size:
    170,558 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Parkway Collections offers a prime retail investment opportunity in Sarasota, Florida, situated at the high-traffic intersection of University Parkway and Lockwood Ridge Road, zip code 34243. This multi-tenant strip center boasts a total building area of 170,558 square feet, with multiple spaces available for lease. Currently, 3,470 square feet of retail space is vacant, offering flexible options ranging from a minimum of 1,300 square feet to a maximum contiguous space of 2,170 square feet. The property enjoys exceptional visibility from University Parkway and Lockwood Ridge Road, providing excellent exposure for businesses. Its convenient location offers easy access to US 41 and I-75, ensuring high traffic flow and customer accessibility. Ample parking is available for tenants and customers. The property's pass-throughs are $4.18. This is an exceptional opportunity to secure retail space in a thriving Sarasota location with high visibility and convenient access to major transportation arteries. The property is located in Florida County. Contact us today to learn more about leasing opportunities within this dynamic retail center.

    Property Features for 0 University Pkwy & Lockwood Rdg Rd

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    170,558 SF

    Unit(s) available at that property

    Space
    Unit 6300
    Size
    30,000 SF
    Space
    6394
    Size
    2,170 SF

    HighLights

    • Vacancies: 3,470 SF available, divisible to 1,300‑2,170 SF contiguous spaces.
    • Gross Leasable Area (GLA): 170,558 SF.
    • Excellent access to US 41 and I‑75.
    • High visibility from University Parkway and Lockwood Ridge Road.
    • $4.18 pass‑throughs.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Sarasota
    County
    Florida
    State
    Florida
    Longitude
    -82.505553
    Latitude
    27.3889812

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Sarasota retail space available.
    Where is this neighborhood center located?
    The property is located at University Pkwy & Lockwood Rdg Rd Sarasota, FL.
    What are key features of this property?
    This property features: Vacancies: 3,470 SF available, divisible to 1,300-2,170 SF contiguous spaces.; Gross Leasable Area (GLA): 170,558 SF.; Excellent access to US 41 and I-75.
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    University Pkwy & Lockwood Rdg Rd 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
    University Pkwy & Lockwood Rdg Rd Sarasota, FL 34243
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