941-960-7769
2805 Fruitville Rd, Sarasota, FL for Sale
Medical - FOR SALE
1/10
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2805 Fruitville Rd
Sarasota, FL 34237
North Sarasota


HIGHLIGHTS

  • Value-Add Opportunity
  • Strategic Location
  • High Traffic Counts
  • Access to Area Amenities
  • Strong Higher Education Presence
  • Strong Demographics

OVERVIEW

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. ALSO AVAILABLE ARE THREE ADDITIONAL PROPERTIES: (These are not included in the Land Area above) • 322 N Tuttle Avenue, a 624 square foot single family home on a 0.17-acre parcel of land. • 332 N Tuttle Avenue, a 624 square foot single family home on a 0.17-acre parcel of land. • 390 N Allendale Avenue, a vacant 1.01-acre parcel of land.

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

494

LAND DETAILS

LAND ACRES

7.89 AC

LAND SF

343,688 SF

ZONING

ORD

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michelle E. WinieckiHorvath & TremblayMore Info
941-960-7769

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Michelle E. WinieckiHorvath & TremblayMore Info
941-960-7769

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.