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    3808 Tamiami Trl Sarasota, FL 34234

    Sponsored
    For Sale
    $3,850,000

    Prime Tamiami Trail location, 13,942 SF building, 2+ acres

    Property size:
    13,942 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Sarasota property offers a 13,942 square foot, two-story freestanding building situated on a generous 2.2+ acre lot (93,218 sq ft) with 277.54 feet of frontage on the bustling Tamiami Trail (US 41). The property is zoned CG, allowing for a variety of uses, including retail, office, and multifamily. Originally constructed in 1986, the building presents a significant opportunity for redevelopment or repurposing. The site's location within an Opportunity Zone offers substantial tax advantages. Currently, there are 77 existing residential units, with potential for significant increases under SB 102 or the city's proposed code 308. The expansive lot provides ample space for development, landscaping, and outdoor amenities. Its prime location near the Ringling Museum, University of South Florida, New College, and Ringling School of Art & Design, along with nearby amenities such as Walmart and CVS, ensures high visibility and accessibility. The property also benefits from its proximity to SRQ Airport, I-75, downtown Sarasota, and St. Armands Circle. The asking price is $3,850,000, with a price per square foot of $276.14. The property includes approximately 104 parking spaces. The APN is 2004150052.

    Property Features for 3808 Tamiami Trl

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,942 SF

    HighLights

    • 13,942 SF two‑story building on a 2.2+ acre lot.
    • 277.54 feet of frontage on Tamiami Trail (US 41).
    • CG zoning allows retail, office, and multifamily uses.
    • Opportunity Zone designation offers tax advantages.
    • 77 existing residential units with redevelopment potential.
    • Prime location near major attractions and amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    East West College-Natural ... Acupuncture School Hernando A. Ortiz, OMD Acupuncturist Debao Ye Acupuncturist East West College ... Acupuncture School Partha Banerjee Endocrinologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5515963
    Latitude
    27.3684514

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    FAQs

    What type of property is this?
    Individual retail property - Prime Tamiami Trail location, 13,942 SF building, 2+ acres
    Where is this individual retail property located?
    The property is located at 3808 Tamiami Trl Sarasota, FL.
    What is the asking price?
    The asking price for this property is $3,850,000.
    What are key features of this property?
    This property features: 13,942 SF two-story building on a 2.2+ acre lot.; 277.54 feet of frontage on Tamiami Trail (US 41).; CG zoning allows retail, office, and multifamily uses.
    Request Owner's contact information
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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
    3808 Tamiami Trl Sarasota, FL 34234
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