3155 Clark RdSarasota, FL 34231

Property Details for 3155 Clark Rd

Year built

1957

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.39 AC

Property size (Sq ft)

1,287 SF

Zone code

CG

Property type

Retail properties

Property subtype

Drive through restaurants

APN

0088-14-0001

APU

88140001

Description

This exceptional 2,531-square-foot retail or restaurant space is ideally situated at the highly visible intersection of Clark Road and South Lockwood Ridge Road in Sarasota, Florida. Boasting over 40,000 cars passing daily, this property offers unparalleled exposure for any business. The building, constructed in 1957, sits on a 0.39-acre lot and includes 10 convenient parking spaces for customers. Currently configured as a quick-service restaurant with a drive-thru lane, this space presents a significant advantage for food-related businesses seeking a rapid and cost-effective entry into the market. The existing build-out minimizes upfront capital expenditures, allowing for a quicker launch and return on investment. The property is zoned CG within Sarasota County (zip code 34231) and is offered as a single-tenant occupancy. The entire 2,531 square feet is currently vacant, providing a blank canvas for a new tenant to customize to their specific needs. This prime location and existing infrastructure make this an exceptional opportunity for a business seeking high visibility and immediate occupancy in a thriving Sarasota market.

• CAP approach

  CAP return

  Valuation

  6%

  $547,107

  6.5%

  $505,022

  7%

  $468,949

• Comparable approach

  Method

  Valuation

  Relative Method

  $646,015

  Geo Method

  $592,313

• Alternative Use

  Use

  Valuation

  Residential

  $426,005

  Hospitality

  $390,218

  Educational

  $324,657

  Medical

  $335,822

  Retail

  $505,022

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.2697

Longitude

-82.5062

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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