Private Investor Acquires Downtown Sarasota Building For $5.75M

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.