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    2290 University Pkwy Sarasota, FL 34243

    Sponsored
    For Sale
    $599,000

    1.37 Acres, University Parkway Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.37-acre commercial land parcel presents a remarkable development opportunity in the thriving Sarasota, Florida market. Located at 2290 University Parkway, this property boasts unparalleled visibility and accessibility, with direct frontage and convenient access to a major thoroughfare. The high-traffic location ensures significant exposure, with an estimated 42,500 vehicles passing daily, providing ideal conditions for a variety of commercial ventures. The zoning (not specified in provided information) allows for development tailored to meet specific business needs. This prime location in Sarasota County, zip code 34243, offers easy access to local amenities, residential areas, and major transportation routes. The expansive lot size provides ample space for a substantial development project, making it suitable for an office complex, professional park, or other commercial uses. The asking price of $599,000 represents a compelling investment opportunity in a rapidly growing area. Serious inquiries are encouraged to explore the full potential of this exceptional property. Coordinates: Latitude 27.3881034, Longitude -82.5247186.

    Property Features for 2290 University Pkwy

    General Information

    Property type
    Land
    Lot Size
    59,677 SF

    HighLights

    • $599,000 asking price.
    • 1.37‑acre commercial land parcel.
    • Located in Sarasota, FL, at 2290 University Parkway, zip code 34243.
    • Excellent development opportunity, ideal for an office or professional park.
    • High traffic location with direct University Parkway frontage and access; 42,500 cars per day.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5247186
    Latitude
    27.3881034

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    FAQs

    What type of property is this?
    Land - 1.37 Acres, University Parkway Frontage
    Where is this land located?
    The property is located at 2290 University Pkwy Sarasota, FL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: $599,000 asking price.; 1.37-acre commercial land parcel.; Located in Sarasota, FL, at 2290 University Parkway, zip code 34243.
    (941) 539-8313
    Request Owner's contact information
    2290 University Pkwy Sarasota, FL 34243
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    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
    2290 University Pkwy Sarasota, FL 34243
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