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Property profile & analytics
OFF-MARKET Estimated value $3,130,000
Banks

5720 Fruitville Rd Sarasota, FL 34232-6409

3,086 SF 1.07 ac lot Built 2012
Trust Owned 16-yr Hold Free & Clear
Property ID
US18-0838400
Property summary
AI-generated overview

This exceptional 3,810-square-foot freestanding retail building presents a unique investment opportunity in Sarasota, Florida. Formerly a bank, the property boasts a highly desirable double-lane drive-thru and ATM lane, perfectly suited for a variety of businesses. Situated on a 1.08-acre outparcel, it benefits from excellent visibility and accessibility, with approximately 200 feet of frontage on Fruitville Road, a major thoroughfare experiencing 52,421 vehicles daily. The property shares convenient access with an adjacent Lowe's, ensuring high traffic flow and brand recognition. Its ILW zoning allows for a range of uses. The location is surrounded by a robust mix of national retailers, including Lowe's, Sam's Club, Target, Publix, Winn-Dixie, Chick-fil-A, First Watch, Longhorn Steakhouse, Starbucks, Taco Bell, Bob Evans, Bank of America, and PNC Bank, creating a thriving commercial environment. The entire 3,810 square feet is currently vacant and ready for immediate occupancy. This property offers unparalleled convenience and exposure, making it an ideal location for a business seeking high visibility and strong foot traffic in a densely populated area of Sarasota County, zip code 34232.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2012
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,086 SF
Lot 1.07 ac (46,673 SF)
Zoning code ILW
APN 0047-02-0004
UPID US18-0838400
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
  • Truist - ATM Atm
  • BB&T ATM Atm
  • Truist Bank Loan Service
  • BB&T Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$3.19M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.13M
Owner & transaction history
Branch Bkng & Trust Co · 16 yrs held
Branch Bkng & Trust Co
since 2010
Last sale
$3.0M
3 recorded transactions
2010
$850,000
2006
$1.4M
2005
$3.1M
Zoning & alternative use
ILW · Sarasota, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The intent and purpose of the ILW district is to permit light manufacturing, processing, storage and warehousing, wholesaling and distribution and to facilitate the proper development and use

Zone name Industrial Light Warehousing
General category INDUSTRIAL
Zone area 66.55 ac
Source Realmo
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