Ramiro Ramirez Of Avocado’s Cocina Mexicana & Bar Acquires Retail Property In Sarasota For $2.08M

The asset involved in this transaction is a former restaurant located at 6131 South Tamiami Trail in Sarasota. The property comprises 5,500 square feet and was sold for $2,080,000, translating to a price per square foot of $378. The freestanding building features 81 parking spaces and is situated along US 41, in proximity to Siesta Key.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,080,000
• Square Footage: 5,500 SF
• Address: 6131 South Tamiami Trail
• Market: Sarasota
• Price per Square Foot: $378
• Buyer: Ramiro Ramirez - Avocado’s Cocina Mexicana & Bar
• Seller: New Dynasty
• Broker: Adam Seidel - American Property Group

Ramiro Ramirez, the buyer, is the owner of Avocado’s Cocina Mexicana & Bar. He acquired this property from the seller, New Dynasty. The property had previously been sold in 2022 for $1.62 million.