2801 Fruitville RdSarasota, FL 34237

Property Details for 2801 Fruitville Rd

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.89 AC

Property size (Sq ft)

24,162 SF

Zone code

ORD

Property type

Office buildings

APN

2030-13-0057

APU

2030130057

Description

Penwest Park, located at 2801 Fruitville Rd, Sarasota, FL 34237, offers a diverse range of office spaces ideal for various business needs. This meticulously maintained Class B office park comprises three two-story buildings totaling 33,210 square feet, situated on a 7.82-acre lot. The property features a variety of suite sizes, ranging from a minimum of 756 square feet to a maximum contiguous space of 6,048 square feet, accommodating businesses of all scales. Multiple tenancy options are available within the six total suites. The park boasts ample free parking with 380 spaces, convenient access via four entrances, and high visibility along the Fruitville Road business corridor, a major east-west thoroughfare connecting I-75 to downtown Sarasota. Building amenities include 9-foot ceilings, elevators, and attractively landscaped courtyards with fountains and waterfalls. The property is conveniently located a few miles from I-75/US41, approximately 4.8 miles from Sarasota-Bradenton International Airport (SRQ), and a short drive from beaches, shopping, and restaurants. Power is supplied by Florida Power and Light. The zoning is ORD. Built in 1992, Penwest Park offers a blend of traditional, executive, medical, and creative office spaces, attracting a professional tenant base including doctors, attorneys, CPAs, and financial planners. Owner-managed with a focus on tenant satisfaction.

• CAP approach

  CAP return

  Valuation

  6%

  $6,409,216

  6.5%

  $5,916,199

  7%

  $5,493,614

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,847,129

  Geo Method

  $4,412,706

• Alternative Use

  Use

  Valuation

  Residential

  $7,336,087

  Hospitality

  $6,719,816

  Educational

  $5,590,808

  Medical

  $5,783,084

  Retail

  $8,696,813

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3386

Longitude

-82.513

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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