2803 Fruitville Rd

99,849 SF 88% Leased Office Building Sarasota, FL 34237 For Sale

INVESTMENT HIGHLIGHTS

  • Value-Add Opportunity
  • Strategic Location with Access to Area Amenities
  • One of three buildings that can be sold together
  • Strategic Location with High Traffic Counts

EXECUTIVE SUMMARY

In partnership with Fusion Management, Horvath & Tremblay is pleased to present the exclusive opportunity to acquire Pen West Park, a multi-tenant office investment property located at 2801-2805 Fruitville Road in Sarasota, Florida (the “Property”). Constructed in 1986, Pen West Park consists of three, two-story buildings containing 99,849 square feet of rentable space within 117,156 square feet of total building area on 7.89 acres of land. Pen West Park is currently 86.23% occupied, with over 70% medical tenants, offering both strong in-place income and value-add potential through lease up of the vacant spaces. The Property is strategically located at the signalized intersection of Fruitville Road and North Tuttle Avenue, benefiting from extraordinary visibility and frontage on both roads and four total points of access. Fruitville Road (FL-780) is the primary commuter and commercial corridor running into downtown Sarasota, and the location is surrounded by dense residential neighborhoods, offering direct access to the Property without the inconvenience of a daily downtown commute. Positioned just minutes from the heart of downtown Sarasota, the Property benefits from proximity to a wide range of amenities, including national and local restaurants, retail centers, financial institutions, and professional services. Sarasota is home to pristine beaches and the surrounding area is continually ranked among the top travel destinations in the United States, funneling tourism dollars into the local economy.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
99,849 SF
Building Class
B
Year Built/Renovated
1986/1988
Percent Leased
88%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
49,925 SF
Building FAR
0.29
Lot Size
7.89 AC
Opportunity Zone
Yes
Zoning
ORD - Office Regional District
Parking
494 Spaces (4.95 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Courtyard
  • Property Manager on Site
  • Signage
  • Air Conditioning
  • Fiber Optic Internet

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Datolli Cancer Center
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Datolli Cancer Center Health Care and Social Assistance 99,999 SF - Lorem Ipsum -

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 2805 - 100
  • 2,660 SF
  • Medical
  • Partial Build-Out
  • Now
  • 1st Fl-Ste 2805 - 130
  • 2,450 SF
  • Office/Medical
  • -
  • Now
  • 2nd Fl-Ste 2801 - 250
  • 4,936 SF
  • Office
  • Full Build-Out
  • Now

Available is a 2nd floor 4936sqft office suite with 4 offices, conference room with floor to ceiling outdoor corridor storefront windows that shows a view of the foliage in the courtyard below, counter for coffee and snack station, two entrances, reception area, storage/technology areas and open floor plan to create a collaborative office environment or room for cubicles. Reception area is large enough for client seating. Can be combined with adjacent spaces. Floor plan is flexible.. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home. Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

  • 2nd Fl-Ste 2801 - 265
  • 2,322 SF
  • Office
  • Full Build-Out
  • Now

Available is a 2nd floor 2322sqft office suite with 3 offices, bonus room, kitchenette area with room for full refrigerator, and coffee/snack station, in unit bathroom, storage/technology area and open floor plan to create a collaborative office environment or room for cubicles. Freshly painted and new luxury vinyl plank flooring. Can be combined with adjacent spaces. Floor plan is flexible. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home. Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

Space Size Space Use Condition Available
1st Fl-Ste 2805 - 100 2,660 SF Medical Partial Build-Out Now
1st Fl-Ste 2805 - 130 2,450 SF Office/Medical - Now
2nd Fl-Ste 2801 - 250 4,936 SF Office Full Build-Out Now
2nd Fl-Ste 2801 - 265 2,322 SF Office Full Build-Out Now

1st Fl-Ste 2805 - 100

Size
2,660 SF
Space Use
Medical
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 2805 - 130

Size
2,450 SF
Space Use
Office/Medical
Condition
-
Available
Now

2nd Fl-Ste 2801 - 250

Size
4,936 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2801 - 265

Size
2,322 SF
Space Use
Office
Condition
Full Build-Out
Available
Now
Walk Score®
Very Walkable (72)

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
13,472
85,763
171,957
2024 Population
14,248
88,311
179,272
Population Growth '20-'24
5.8%
3.0%
4.3%
2020 Households
5,844
38,794
78,331
2024 Households
6,095
39,880
81,338
Household Growth '20-'24
4.3%
2.8%
3.8%
Average Age
42
46
47
Median Household Income
$56,653
$62,911
$68,772
Daytime Employees
8,230
71,211
128,158
Total Businesses
1,175
10,166
17,388
College Degree + Higher
21%
32%
35%
$ values in USD

PROPERTY TAXES

  • Listing ID: 34999125

  • Date on Market: 03/03/2025

  • Last Updated:

  • Address: 2803 Fruitville Rd, Sarasota, FL 34237