3520-3524 Fruitville Rd Sarasota, FL 34237
- Retail properties
- 7,928 SF
Current Use by Public Records
- Retail properties
Property Details for 3520-3524 Fruitville Rd
- Year built
- 2008
- Property size
- 7,928 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
Exceptional investment opportunity: a fully leased, 7,928 square foot freestanding retail building situated at the southwest corner of Fruitville Road and Beneva Road within the Fruitville Forum Center in Sarasota, Florida. This Class B property boasts three units (2,500 SF, 1,500 SF, and 2,130 SF) currently operating at 100% occupancy with long-term tenants under leases that include base rent plus common area maintenance (CAM) charges. The building, constructed in 2008, is one of three buildings in a newly created land condominium. The property offers a compelling 6.38% capitalization rate and a net operating income (NOI) of $107,845, with an asking price of $1,690,000 ($213.17 per square foot). The property is zoned CN - COMMERCIAL, NEIGHBORHOOD, and is offered as a fee simple ownership. This is a core+ investment opportunity with strong tenant history and a desirable location. The property's address is 3520-3524 Fruitville Rd, Sarasota, FL 34237 (APN: 2031010002). This represents a rare chance to acquire a stable, high-performing retail asset in a thriving Sarasota market.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4989
- Latitude
- 27.3367
