Private Investor Acquires Downtown Sarasota Building For $5.75M | 1836 Fruitville Road | Benedict Gutierrez | Land | Sale

Summary

Sale

FLORIDA

Land

3,723 sqft

The property at 1836 & 1850 Fruitville Road in Sarasota, spanning 1.3 acres, was sold for $5,750,000. The building, with a total square footage of 3,723, was a key part of the downtown Sarasota revitalization, set for consolidation by Chase.

Summary of transaction details:

Property Type: Land
Transaction Amount: $5,750,000
Address: 1836 & 1850 Fruitville Road
Market: Sarasota
Asset Type: Land
ACRES: 1.3
Seller: Austin Simmons - Brightwork Real Estate
Broker: Benedict Gutierrez - Berlin Group

The buyer of the property, a private investor whose identity remains undisclosed, made this acquisition as part of the ongoing enhancement of downtown Sarasota, aligning with the Aster & Links development.

Players

All
2

Agents
1
Agencies
1

Benedict Gutierrez

Associate

$46.4M Sold

Berlin Group

Details

Deal Summary

SOLD

IMAGE: 03/20/2024 ADDRESS: 1836 & 1850 Fruitville Road MARKET: Sarasota ASSET TYPE: Land ~ ACRES: 1.3 SELLER: Austin Simmons - Brightwork Real Estate BROKER: Benedict Gutierrez - Berlin Group SALE PRICE: $5,750,000 SF: 3,723 ~ PPSF: $1,544 NOTE: A downtown Sarasota building, slated for Chase's consolidation of two local bank branches, sold for $5.75 million. The buyer, a private investor, remains undisclosed, as the property contributes to the revitalization of downtown Sarasota alongside the Aster & Links development.

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Address1836 Fruitville Road

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