This exceptional two-story, 13,942 square-foot freestanding building sits on a 2.14-acre lot in Sarasota, Florida, boasting 277.54 feet of frontage on Tamiami Trail (US41). Its North Trail (NT) zoning offers versatile possibilities for retail, office, or other uses, including potential for residential development under proposed city codes. Located in an Opportunity Zone, this property provides significant tax advantages for the next ten years. The building offers approximately 104 parking spaces and enjoys a prime location near SRQ Airport, University Parkway, I-75 (approximately 9 miles), USF, New College, Ringling School of Art & Design, the Ringling Museum, downtown Sarasota, and St. Armands Circle. This presents a unique opportunity for developers and businesses seeking to capitalize on Sarasota's growth and strong demographics. The property's size, location, and zoning flexibility make it an attractive investment with substantial development potential. The building's existing structure provides a solid foundation for customization and expansion, catering to a wide range of commercial uses. This is a cornerstone property in a thriving area, offering significant return on investment.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$2,838,551
Hospitality
$2,600,098
Educational
$2,163,251
Medical
$2,237,648
Retail
$3,365,057
Location Insight
City
Sarasota
County
Sarasota
State
Florida
Latitude
27.3684
Longitude
-82.5515
CBSA code
35840
CBSA name
NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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