Property profile

2000 Sq Ft Sarasota, FL 34231

OFF-MARKET
Retail properties & Spaces
2,000 SF
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Property summary

AI-generated overview

This exceptional restaurant opportunity in Sarasota, Florida, presents a unique chance to establish or expand your culinary venture. Located in Sarasota County, zip code 34231, this 2,000 square foot retail space is available for $164,000. The current lease expires May 31, 2025, with a five-year option available, offering lease stability. The monthly lease rate is $2,400. The property boasts existing restaurant infrastructure, including a fully equipped commercial kitchen. This includes a range of appliances such as three induction burners, a double convection oven, multiple refrigerators and freezers, a triple bay sink, prep tables, shelving, and various smallwares. The existing equipment significantly reduces start-up costs compared to building from scratch. The space is adaptable to various restaurant concepts, allowing for creative design and customization. The seller's relocation necessitates a quick sale, making this a highly attractive investment opportunity in a thriving Sarasota market. The current tenant employs one person. While there is no hood system, the space offers potential for indoor seating. This is an ideal opportunity for entrepreneurs seeking a cost-effective entry into the Sarasota food scene. Seller financing is not available. Inventory is not included in the asking price.

Property profile

Verified
Property type Retail properties & Spaces
Total area 2,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2000 Sq Ft Sarasota, FL 34231
Sarasota metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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