2891 S Tamiami Trl, Sarasota, FL 34239
- Banks
- 6,191 SF
- 1.15 lot acres
Current Use by Public Records
- Wells Fargo Home Mortgage / Loan Service / Bank
- Wells Fargo ATM / Atm
- Robyn L Bivona - 418607 - Wells Fargo Home Mortgage / Loan Service / Bank
Property Details for 2891 S Tamiami Trl
- Year built
- 1986
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 1.15 lot acres
- Zone code
- CN
- Property type
- Banks
- APN
- 0057-04-0060
- APU
- 57040060
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 10, 2009 | — | Crowley Group INC | Wachovia Bk NA | Quit Claim Deed · related | — |
| Jan 21, 2003 | $1,105,100 | Crowley Group INC | Southtrust Bank NA | Grant Deed | $6.5M · Regions Bank |
| Jun 20, 1997 | $2,113,700 | Southtrust Bank Florida NA | Home Savings Of America | Grant Deed · related | — |
Description
This exceptional 15,047 square foot, two-story building sits on a highly visible 1.15-acre corner lot in Sarasota, Florida. Currently configured as office and retail space, this property presents a compelling opportunity for an owner-user or redevelopment project. The building is well-maintained and ready for immediate occupancy, boasting four drive-thru lanes, a significant advantage in this competitive market. Its strategic location near Sarasota Memorial Hospital ensures high traffic and visibility. The property benefits from being situated in a market with high barriers to entry, making it a particularly desirable investment. While previously used as a bank, there are restrictions against its use as a financial institution for a period of two years following the sale. The asking price is $4,000,000. This prime location and versatile space offer significant potential for a variety of commercial uses. The property's size and features make it an attractive option for businesses seeking a prominent presence in a thriving Sarasota neighborhood. The address is 2891 S Tamiami Trail, Sarasota, FL 34239. The property is zoned for office and retail use.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $1,090,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,165,000
Market price range: $696k - $1.17M -
Alternative Use
- Use
- Estimation
- FINANCIAL BUILDING
- $905,000 Current use
- COMMERCIAL (GENERAL)
- $1,660,000 Change: +84% Conversion: Difficult
- RESTAURANT
- $1,355,000 Change: +50% Conversion: Difficult
- OFFICE BUILDING
- $1,125,000 Change: +24% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,025,000 Change: +13% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $975,000 Change: +8% Conversion: Difficult
- RETAIL STORES
- $835,000 Change: -8% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Sarasota
- County
- Sarasota
- State
- Florida
- Longitude
- -82.5296
- Latitude
- 27.3078
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
