8240 Bee Ridge Rd

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Address: 8240 Bee Ridge Rd, Sarasota, Florida, US
Created date: January 24, 2024
Date last updated: March 23, 2024
  • Pas site loocated at Shopping Center's main entrance.
  • Lot size: 1.09 +/- acres (47,688 sf)
  • Maximum Floor Area: 5,000 sf
  • Dimensions: 260 ft X 187 ft
  • Over 450,000+ Shopping Center visitors per year.
  • Excellent tenant mix in fully-leased Publix anchored Center.

Property Description

READY FOR IMMEDIATE DEVELOPMENT Join a lineup of thriving retailers, including Publix, Chase Bank, and UPS on Sarasota's highly-trafficked Bee Ridge Road. Strategically positioned at the Shopping Center's main entrance, the only remaining pad-site boasts more than 250 feet of main street frontage. Located across from the prestigious Laurel Oaks Country Club and surrounded by several planned housing developments, this site offers a steady and well-established customer base of over 450,000 visitors per year. INVESTMENT HIGHLIGHTS: -Location: Last remaining outparcel available at Publix anchored shopping center. -Occupancy: Shopping center is leased to a mix of national, regional and local tenants. -Consistent traffic: Over 458,600 customers visit shopping center per year. -Accessibility: Less than 4-minute drive to I-75 with 122,000 average daily traffic count. -Retention completed: Site is ready for immediate development. FINANCIAL INSTITUTION BUSINESS CASE: -Limited competition: Only 1 FDIC insured institution in a 2-mile radius. -High growth: From 2010 to 2020 households with an income exceeding $100,000 increased 66% in a 1-mile radius. -Established demographics: Median home value of $450,000 in 1-mile radius. -Highly educated: 76.79% of population in a 1-mile radius attended college. -Low unemployment: 1.35% of the population in a 5-mile radius is unemployed.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings | Land/Development
Lot Size: 1.09 Sq ft
Opportunity Zone: No
Property Website Click Here
Address: 8240 Bee Ridge Rd, Sarasota, FL 34241, USA
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