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Industrial-Zoned Mixed-Use Property
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987 S Packinghouse Rd, Sarasota, FL 34232

Freestanding restaurant building with industrial zoning, I-75 adjacency, and potential for multiple commercial uses.

Property Size4,668 SF
Lot Size0.63 Acres
Price / SF$791.56
Days on Market142

Property Features for 987 S Packinghouse Rd

General Information

Standard status Active
Size 4,668 SF
Class C
Lot size 0.63 Acres
Property subtype Retail
Zoning I
Investment Type Owner/User

Site & Location

Highway Access Yes
Road Access Yes

Building Details

Year Built 1945
Year Renovated 1970
Buildings 1
Tenancy Single
Building Size 4,668 SF
Listing Agency: American Property Group of Sarasota Inc
Listed By: Adam Seidel · License #FL SL3213728
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Jun 19 at 3:37AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Property Group of Sarasota Inc

Investment Insights

Based on property information with market context.

This freestanding mixed-use property includes a restaurant building with 2,015 square feet of space and 4,668 gross square feet on approximately 0.626 acres. The current use is a restaurant, while the Industrial (I) zoning supports identified possibilities including outside storage, heavy manufacturing, construction services, retail, and automotive sales.

The parcel sits directly on Packinghouse and Paschal Pl, with more than 84 feet of frontage on Packinghouse Rd. Its east boundary borders I-75, providing a defined edge along the interstate. The property is located east of Cattlemen and south of Palmer Blvd.

Key Highlights

  • 2,015 sf of space; 4,668 gross square footage
  • Approximately 0.626 acres of land
  • Industrial (I) zoning

Property Analytics

Current Use

JR's Old Packinghouse ... Restaurant

Suggested Use

Top Pick Dental Office Law Firm Spa & Massage Center Restaurant Nail Salon Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

948
Businesses Nearby

Demographics for 34232, FL

34,671
Population
17,248
Households
2
Avg Household Size
47
Median Age
34%
College-Educated
93%
High-School Grad
11.0 sq mi
ZIP Area
3,152
Density / Sq Mi
$81,041
Median Household Income
$44,166
Median Earnings
$1,836
Median Rent
$332,600
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Freestanding restaurant building with industrial zoning, I-75 adjacency, and potential for multiple commercial uses.
Where is this mixed-use property located?
The property is located at 987 S Packinghouse Rd Sarasota, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: 2,015 sf of space; 4,668 gross square footage; Approximately 0.626 acres of land; Industrial (I) zoning
(941) 724-2321 Call to check price and availability
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