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    1775 Fruitville Rd Sarasota, FL 34236

    For Sale
    $4,080,000

    Seven parcels, prime Fruitville location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional development opportunity encompasses seven parcels strategically located at the intersection of Fruitville Road, Osprey Avenue, and 4th Street in Sarasota, Florida. The property, identified by APN 2026-15-0011, is zoned DTE, offering significant potential for a multifamily development project. The asking price for the entire assemblage is $4,080,000. The seller is offering flexibility, allowing for the purchase of the Fruitville Road frontage or the 4th Street frontage separately, providing buyers with options to suit their specific needs and investment strategies. This presents a unique chance to acquire a substantial land holding in a high-demand area of Sarasota County, Florida, with excellent access to major roadways and amenities. The property's location in the 34236 zip code offers convenient access to Sarasota's vibrant downtown area, beaches, and other attractions. The absence of existing units on the site allows for complete design control and the creation of a modern, high-quality multifamily development. This is an ideal opportunity for developers seeking to capitalize on Sarasota's thriving real estate market. Further due diligence is recommended to fully explore the development potential of this significant land parcel.

    Property Features for 1775 Fruitville Rd

    General Information

    Property type
    Multifamily properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Breakly Co. Bait Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sarasota
    County
    Sarasota
    State
    Florida
    Longitude
    -82.5346301
    Latitude
    27.3390848

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    FAQs

    What type of property is this?
    Multifamily property - Seven parcels, prime Fruitville location.
    Where is this multifamily property located?
    The property is located at 1775 Fruitville Rd Sarasota, FL.
    What is the asking price?
    The asking price for this property is $4,080,000.
    Request Owner's contact information
    1775 Fruitville Rd Sarasota, FL 34236
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    Sarasota, FL 34236
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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
    1775 Fruitville Rd Sarasota, FL 34236
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