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Property profile & analytics
OFF-MARKET Estimated value $900,000
Community centers

2048 Bee Rdg Rd Sarasota, FL 34239-6120

5,203 SF 0.21 ac lot Built 1977
Individually Owned 15-yr Hold ~ Est. High Equity
Property ID
US18-4573022
Property summary
AI-generated overview

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 profile
Verified
Property type Community centers
Use group MINI-MALL
Year built 1977
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,203 SF
Lot 0.21 ac (9,298 SF)
Zoning code CGD
APN 0074-04-0062
UPID US18-4573022
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bee Ridge Florist (Bike/Boat/Book/etc) Store Florist
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$900k
Owner & transaction history
Sarasota Ds · 15 yrs held
Sarasota Ds
since 2011
6 recorded transactions
2011
Price N/A
2011
$750,000
2009
Price N/A
1998
$650,000
1997
$395,000
1969
Price N/A
Zoning & alternative use
CGD · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Commercial General district (CGD) is primarily intended to allow auto-accommodating commercial development

Zone name Commercial General District
General category COMMERCIAL
Zone area 57.38 ac
Source Realmo
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