5678 Fruitville RdSarasota, FL 34232

Property Details for 5678 Fruitville Rd

Year built

1987

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.35 AC

Property size (Sq ft)

14,979 SF

Zone code

ILW

Property type

Retail space

Property subtype

Storefront properties

APN

0047-03-0001

APU

47030001

Description

This exceptional 24,822 square foot retail strip center in Sarasota, Florida, presents a compelling investment opportunity. Located at 5678 Fruitville Rd, 34232, this fee-simple property boasts six units with 100% occupancy and a strong 8.5-year weighted average lease term (WALT). Generating a Net Operating Income (NOI) of $465,291, it offers a 7.25% capitalization rate and is priced at $6,417,800 ($258.55/sq ft). The property features 41 parking spaces on a 1.33-acre lot and benefits from built-in rent bumps. Situated on a high-traffic corridor (60,000+ vehicles per day) with excellent visibility, the center enjoys dual points of ingress/egress. Recent improvements include a newer roof and AC units (within the last 3-5 years). Its prime location offers quick access to I-75 and proximity to major retailers like Lowe's, Chick-fil-A, Sam's Club, Target, Publix, and Winn-Dixie. Furthermore, the property generates additional income from billboard advertising. The center is directly across from the planned Sarasota Orchestra Music Center, a significant development expected to further enhance the area's appeal and foot traffic. Lease details are available upon request. This is a rare opportunity to acquire a well-positioned, multi-tenant retail property with significant upside potential.

• CAP approach

  CAP return

  Valuation

  6%

  $5,840,798

  6.5%

  $5,391,506

  7%

  $5,006,398

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,572,426

  Geo Method

  $6,893,749

• Alternative Use

  Use

  Valuation

  Residential

  $4,547,936

  Hospitality

  $4,165,886

  Educational

  $3,465,968

  Medical

  $3,585,168

  Retail

  $5,391,506

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3373

Longitude

-82.4559

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].