2891 Tamiami TrlSarasota, FL 34239

Property Details for 2891 Tamiami Trl

Year built

1986

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.15 AC

Property size (Sq ft)

6,191 SF

Zone code

CN

Property type

Banks

APN

0057-04-0060

APU

57040060

Description

This exceptional 15,047 square foot, two-story building sits on a highly visible 1.15-acre corner lot in Sarasota, Florida. Currently configured as office and retail space, this property presents a compelling opportunity for an owner-user or redevelopment project. The building is well-maintained and ready for immediate occupancy, boasting four drive-thru lanes, a significant advantage in this competitive market. Its strategic location near Sarasota Memorial Hospital ensures high traffic and visibility. The property benefits from being situated in a market with high barriers to entry, making it a particularly desirable investment. While previously used as a bank, there are restrictions against its use as a financial institution for a period of two years following the sale. The asking price is $4,000,000. This prime location and versatile space offer significant potential for a variety of commercial uses. The property's size and features make it an attractive option for businesses seeking a prominent presence in a thriving Sarasota neighborhood. The address is 2891 S Tamiami Trail, Sarasota, FL 34239. The property is zoned for office and retail use.

• CAP approach

  CAP return

  Valuation

  6%

  $2,414,072

  6.5%

  $2,228,374

  7%

  $2,069,204

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,129,774

  Geo Method

  $2,849,269

• Alternative Use

  Use

  Valuation

  Residential

  $1,879,717

  Hospitality

  $1,721,810

  Educational

  $1,432,526

  Medical

  $1,481,793

  Retail

  $2,228,374

Location Insight

City

Sarasota

County

Sarasota

State

Florida

Latitude

27.3078

Longitude

-82.5296

CBSA code

35840

CBSA name

NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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