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    2048 Bee Ridge Rd Sarasota, FL 34239

    Sponsored
    For Sale
    $2,495,000

    Prime Bee Ridge Rd location, live/work opportunity.

    Property size:
    7,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Sarasota investment opportunity presents a two-story, 7,616 square foot Class B storefront building situated on a 16,298 square foot lot at 2048 Bee Ridge Road. Built in 1977 and renovated in 2011, the property boasts a flexible open floor plan, ideal for a variety of commercial uses, including retail, office, or restaurant space. A rear workspace and a second-story apartment (approximately 2-3 bedrooms) offer added versatility and potential for live/work functionality. The property also includes a separate single-family home located at 3911 Freedom Avenue, adding significant value and potential rental income. This 1,239 square foot home, built in 1954 and renovated in 2004, sits on a 7,000 square foot lot. Both properties are zoned CGD (Commercial General District), ensuring flexibility for future development. The high-visibility corner location on Bee Ridge Road, a major thoroughfare with a high average annual daily traffic count of 25,550, guarantees significant exposure. The property's proximity to Siesta Key's beaches further enhances its appeal. This combined property offers a unique blend of commercial and residential space, presenting a compelling investment opportunity in a thriving Sarasota location. The asking price is $2,495,000, with a price per square foot of $327.60. The property includes two buildings, spanning two stories, and features APN numbers 0074040062 and 0074040064.

    Property Features for 2048 Bee Ridge Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,616 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1977/2011
    Buildings
    2
    Stories
    2

    HighLights

    • $2,495,000 asking price for a 7,616 SF retail storefront.
    • Class B, 2‑story building built in 1977, renovated in 2011.
    • Located on a 16,298 SF lot at 2048 Bee Ridge Rd, Sarasota, FL 34239 (APN: 0074040062 and 0074040064).
    • Includes a second building (single‑family home) on Freedom Avenue.
    • CGD zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bee Ridge Florist Florist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5285408
    Latitude
    27.2985801

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    FAQs

    What type of property is this?
    Individual retail property - Prime Bee Ridge Rd location, live/work opportunity.
    Where is this individual retail property located?
    The property is located at 2048 Bee Ridge Rd Sarasota, FL.
    What is the asking price?
    The asking price for this property is $2,495,000.
    What are key features of this property?
    This property features: $2,495,000 asking price for a 7,616 SF retail storefront.; Class B, 2-story building built in 1977, renovated in 2011.; Located on a 16,298 SF lot at 2048 Bee Ridge Rd, Sarasota, FL 34239 (APN: 0074040062 and 0074040064).
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    Sarasota, FL 34239
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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
    2048 Bee Ridge Rd Sarasota, FL 34239
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