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3520 S Fruitville Rd

6,000 SF 100% Leased Retail Building Sarasota, FL 34237 £1,333,410 (£222/SF) 6.38% Net Initial Yield

Investment Highlights

  • Heavy daytime foot traffic
  • Located at a very busy intersection

Executive Summary

Investor Opportunity to purchase this Freestanding Retail building located at the Southwest quadrant of Fruitville Rd and Beneva Rd in the Fruitville Forum Center.
3 fully occupied units in the building. All long term tenants with leases that pay a base rent + CAM.
This building is one of three buildings in a Land Condominium being created by Seller.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2008
Price
£1,333,410
Price Per SF
£222
Net Initial Yield
6.38%
NOI
£85,064
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.12
Land Acres
1.15 AC
Opportunity Zone
Yes
Zoning
CN - Commercial Neighborhood

Amenities

  • Bus Route
  • Signalised Intersection
  • Monument Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Accommodation and Food Services
  • 2,500 SF
  • -
  • Sep 2024

CAKES BY RON EST. 1986 "We create the most delicious and stunning cakes in all shapes, sizes, flavors and budgets, made from scratch daily." Cakes by Ron was the very first custom cake shop to open for business in Sarasota, FL, in 1986. Cakes by Ron is locally owned and operated by Ron Zammit, his son Nathan and his daughter Laura. Dedicated to his craft and meticulous in his work, Ron's passion is evident in the product that both he and his staff has created on a daily basis for 30+ years. Cakes by Ron also offers free wedding consultations our provides brides with a wide variety of cake flavors, fillings and design options! “Every cake that leaves our store is special and created uniquely for each event and person.” Zammit said. "At Cakes by Ron, we will take care of the details so you are free to have your cake and eat it too!" Our Cakes By Ron bakery cupcake flavors vary daily, but we will always have Triple Chocolate, Boston Cream, Vanilla, and Red Velvet….every single day! Our m

  • Service type
  • 2,130 SF
  • -
  • Sep 2024

LUXE is an upscale chic salon located at 3524 Fruitville Rd in Sarasota, FL. Our clients enjoy the beautiful relaxed and friendly atmosphere. Our centrally located salon offers plenty of free parking. We are close to the downtown area and beautiful beaches. Our team of stylists and nail specialists are all very experienced - masters in the industry and bring unique training and specialties to meet our client’s needs. We carry and offer a complete line of organic products by REF Swedish hair care, Pro Rituals, Soma, and Chromastics. Our stylists will recommend the best possible solutions and products for your hair type and styling needs to take home. We offer precision hair cutting, expert hair coloring, keratin smoothing, hair extensions, special occasion styling, onsite or on location bridal styling, and an array of manicure and pedicure services. Please see our staff page for more information about our talented team.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Accommodation and Food Services 2,500 SF - Sep 2024
Service type 2,130 SF - Sep 2024

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 2031-01-0011
  • 2031-01-0002
  • 2031-01-0003
  • 2031-01-0009
Land Assessment
£2,136,424
Improvements Assessment
£3,120,065
Total Assessment
£5,256,489
  • Listing ID: 30185848

  • Date on Market: 29/11/2023

  • Last Updated:

  • Address: 3520 S Fruitville Rd, Sarasota, FL 34237

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