For Sale
$1,690,000

3520-3524 Fruitville RdSarasota, FL 34237

Fully Leased Retail Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • $1,690,000 asking price for this fully leased retail storefront.
  • 7,928 square feet on a single story building, constructed in 2008.
  • Located at 3520-3524 Fruitville Rd, Sarasota, FL 34237, in the Fruitville Forum Center.
  • Three (3) tenants with 100% occupancy, generating a Net Operating Income (NOI) of $107,845 and a 6.38% cap rate.
  • Property is a Fee Simple ownership, offered for sale by owner, with a Broker Co-Op available.
  • The property is zoned CN - COMMERCIAL, NEIGHBORHOOD.

Property Details for 3520-3524 Fruitville Rd

Property type
Retail properties, Retail space
Square Feet
7,928 SF
Class
B
Year Built
2008
Buildings
1
Stories
1
Units
3

Location Insight

City
Sarasota
County
Sarasota
State
Florida
Latitude
27.3367088
Longitude
-82.4989165
3520-3524 Fruitville Rd, Sarasota, Florida

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3520-3524 Fruitville Rd
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