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4880 Fruitville Rd
Sarasota, FL 34232
Land For Sale
·
2.89 AC
Investment Highlights
- 2.89± acre site (125,900 SF) with 7,954 SF existing building in place.
- Strategic location near I-75 at the gateway between established central Sarasota and rapidly growing East Sarasota communities.
- Current OPI zoning supports a range of office, medical, and professional uses for office-focused redevelopment.
- Prime Fruitville Road frontage on a major Sarasota east–west arterial with strong visibility and access.
- Covered land play with compelling upside from potential higher-density residential development, subject to rezoning and entitlements.
Executive Summary
This offering represents a compelling land play along Sarasota’s highly traveled Fruitville Road corridor, with multiple clear paths to value creation. While the property is currently zoned OPI (Office, Professional & Institutional), the site’s strategic frontage on a major arterial and its proximity to significant east Sarasota growth make higher-density residential development arguably the highest and best long-term use, subject to a successful rezoning and entitlement process. For groups seeking a more near-term execution, the existing OPI zoning supports a range of office, medical, and professional uses, allowing for an office-focused redevelopment or repositioning strategy that leverages strong traffic counts and corridor visibility. In addition, a buyer could simply continue to utilize the existing structure, which has operated as a successful event, party, and membership venue, preserving current functionality while planning future redevelopment. Investors and developers can pursue either a rezoning for residential or mixed-use density to capture ongoing eastward expansion, capitalize on the in-place OPI zoning for a modern office or professional project, or maintain and enhance the current improvements as an income-producing asset.
Property Facts
1 Lot Available
Lot
| Lot Size | 2.89 AC |
| Lot Size | 2.89 AC |
Property Taxes
| Parcel Number | 0045-02-0006 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,459,554 CAD |
Property Taxes
Parcel Number
0045-02-0006
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,459,554 CAD
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