941-271-7747
2801 Fruitville Rd, Sarasota, FL for Sale
Medical - FOR SALE
1/11
null | Request Cap Rate

2801 Fruitville Rd
Sarasota, FL 34237
North Sarasota


HIGHLIGHTS

  • Multi building multi tenant property with 99849 sqft rentable space.
  • Located on main throroughfare Fruitville Business Corridor from I75 to downtown Sarasota for high exposure and exceptional visibility.
  • Has four points of access from both main roads and side street for maximum access
  • Great day 1 cashflow and a lot of value add opportunity.
  • Close to all Sarasota amenities - robust growing downtown district, airport, world known beaches, premier shopping & cultural attractraction.
  • Abundant free parking and adjacent vacant land opportunities available.

OVERVIEW

Available for immediate acquisition is Penwest Park, a multi tenant, multibuilding property located at 2801 - 2805 Fruitville Road in Sarasota Florida. Penwests consists of 3 concrete masonry buildings situated on 7.89 acres on the the highly visible and high exposure intersection of Fruitville and Tuttle Avenues along what is locally referred to as the Fruitville Business Corridor. The total leasable square footage is 99849 with total building area at 117156 square feet. Its currently hovers around 83% occupancy with great day 1 cash flow and lots of value add opportunities. The 2805 building has been completely renovated with many suites in the 2801 and 2803 buildings already showcasing features such as luxury vinyl plank flooring, LED color selectable lighting and new paint. Each building is suited a soothing Lucas Lagoon water feature of fountains, koi pond and water falls. All roofs are concrete slab and are 15 years young, exterior was completely painted in 2020, new landscaping and hardscape in 2024 and parking lot was resealed early 2025. Rent roll, Profit & Loss, survey and floor plans available upon request.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Penwest Park

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

466

LAND DETAILS

LAND ACRES

7.89 AC

LAND SF

343,688 SF

ZONING

ORD

APN/PARCEL ID

2030-13-0057

ASK ABOUT THIS PROPERTY

Michelle E. WinieckiFusion Management & Realty GrpMore Info
941-271-7747

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

Michelle E. WinieckiFusion Management & Realty GrpMore Info
941-271-7747

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