8893 Fruitville Rd
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Investment Highlights
- 24-acre business park redevelopment site located in an area of exceptional growth and development in Sarasota.
- Existing Business Park Zoning Overlay provides flexibility, allowing for a multitude of uses, including industrial and commercial.
- Not designated for multifamily or residential development.
- Near the Lorraine Road southbound extension project, 8893 Fruitville Road offers strategic positioning for investors.
- Site is one of the largest remaining parcels along Fruitville Road, one of the main corridors leading to Downtown Sarasota
Executive Summary
8893 Fruitville Road is a 24.01-acre parcel that offers a prime development opportunity in one of Sarasota's fastest-growing areas. Positioned along one of the city's new major east-west thoroughfares, Fruitville Road, this site boasts roughly 820 feet of frontage and 4.7 acres directly accessible from the road.
The Business Park Zoning Overlay enhances its appeal, permitting a wide range of industrial and commercial uses to accommodate various business needs. The property, one of the largest remaining parcels on Fruitville Road, is strategically situated in the development path near the Lorraine Road southbound extension project. This location benefits from its proximity just six minutes from Interstate 75 and is surrounded by commercial and industrial developments, including retail centers, restaurants, and warehouses. Currently home to a multi-purpose center with four wings, offices, a gym, childcare, auditorium, and breezeway, and a separate single-family residence, the land is poised for substantial growth as Sarasota/Bradenton emerges as one of the fastest-growing metropolitan areas in the nation.
The ongoing influx of homeowners and businesses to Florida further underscores the increasing demand for commercial and light industrial space. The property's location along the Gulf Coast also ensures excellent connectivity to major cities such as Tampa, St. Petersburg, and Clearwater, making it an ideal investment for future-oriented businesses.
The Business Park Zoning Overlay enhances its appeal, permitting a wide range of industrial and commercial uses to accommodate various business needs. The property, one of the largest remaining parcels on Fruitville Road, is strategically situated in the development path near the Lorraine Road southbound extension project. This location benefits from its proximity just six minutes from Interstate 75 and is surrounded by commercial and industrial developments, including retail centers, restaurants, and warehouses. Currently home to a multi-purpose center with four wings, offices, a gym, childcare, auditorium, and breezeway, and a separate single-family residence, the land is poised for substantial growth as Sarasota/Bradenton emerges as one of the fastest-growing metropolitan areas in the nation.
The ongoing influx of homeowners and businesses to Florida further underscores the increasing demand for commercial and light industrial space. The property's location along the Gulf Coast also ensures excellent connectivity to major cities such as Tampa, St. Petersburg, and Clearwater, making it an ideal investment for future-oriented businesses.
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
Property Facts
1 Lot Available
Lot
Price | $10,495,000 | Lot Size | 24.01 AC |
Price Per AC | $437,110 |
Price | $10,495,000 |
Price Per AC | $437,110 |
Lot Size | 24.01 AC |
Situated in an area of rapid growth near Interstate 75 and a key east-west route, the property falls under Sarasota County's Business Park Rezoning overlay, offering the potential for zoning changes to accommodate a variety of uses.
Nearby Amenities
Hotels |
|
---|---|
Hyatt Place |
122 rooms
16 min drive
|
EVEN Hotels |
128 rooms
15 min drive
|
Homewood Suites by Hilton |
133 rooms
16 min drive
|
PROPERTY TAXES
Parcel Number | 0221-01-3305 | Improvements Assessment | $1,704,200 |
Land Assessment | $1,838,500 | Total Assessment | $3,542,700 |
PROPERTY TAXES
Parcel Number
0221-01-3305
Land Assessment
$1,838,500
Improvements Assessment
$1,704,200
Total Assessment
$3,542,700
zoning
Zoning Code | OUE-1 (This falls within the Business Park Light Industrial Zoning Overlay. This allows for a multitude of uses both industrial and commercial. Rezone needed) |
OUE-1 (This falls within the Business Park Light Industrial Zoning Overlay. This allows for a multitude of uses both industrial and commercial. Rezone needed) |
Sale Advisors
Ashley Bloom, Managing Partner/Developer
(941) 961-7109
Contact
Ashley Barrett Bloom has been affiliated with SVN for approximately 10 years. Mr. Bloom has established his practice as a land expert locally, regionally, and nationally. By combining a strong network of Offices & Advisors with a spirit of collaboration, Bloom provides his clients with a listing team that provides local expertise with a regional & national platform. To further add value to clients, Bloom has taken on the role of owner’s representative in the entitlement process of multiple projects. With a long history in land development, Bloom has extensive relationships with industry professionals as well as buyers of both residential and commercial land. In 2018, Bloom and long time business partner, J. Chris Malkin, founded SVN Lotus Commercial Real Estate Advisors. SVN Lotus was founded with two offices in Charlotte & Sarasota Counties and is well positioned to service Southwest Florida. Bloom initiated and was named the founding Chairman of the Land & Development Services Product Council for SVN. Under his leadership, Bloom has helped institute a national network of land advisors, collaborative marketing program, a SVN land website, and land specific sales calls. Bloom also created and leads the Florida Land Alliance which is a network of land advisors within the State of Florida. Personally, Bloom works on a portfolio of commercial and residential tracts in size from 1 acre to several thousand acres. His listing clientele includes large equity funds, national banks, land investment groups, and single investors. Bloom has a strong network of buyers that include local, regional, and national investors & developers. Prior to joining SVN, Bloom specialized in land planning, horizontal development, and conversions/renovations. While developing these projects, Bloom has also taken the role of Managing Partner. During that time period, he has successfully acquired, entitled, and sold thousands of acres of land. Bloom still invests in land with a focus on entitlement and a long term hold strategy. Bloom has been developing real estate for more than 20 years in Florida, North Carolina, and Arkansas. Prior to developing real estate, Bloom worked for Coopers & Lybrand LLP in the Financial Advisory Services division where he obtained his Certified Public Accountant’s (CPA) License. Relevant experience included Litigation Support Services, Acquisition Due Diligence, and Financial Modeling. Mr. Bloom has also served on an Advisory Board of a small community bank in South Florida.
David Carlson, Advisor
(773) 458-3282
Contact
Formerly a residential real estate broker in downtown Chicago and Minneapolis for over a decade. David specializes in the acquisition, disposition and strategic value add planning for Land Development, Industrial, Multifamily Sales and leasing properties. David has over a decade of negotiating deals for his clients. He has an encyclopedic knowledge of the local markets and uses his expertise to advise clients in meeting their real estate portfolio goals and objectives. He has sold over $75 million in residential sales to date. David uses his deep understanding of the CRE markets paired with a local market expertise to guide clients to achieve optimal outcomes for their commercial real estate portfolios. When David’s not closing deals, he’s spending time with his family or he’s either traveling, playing sports, or watching live music.
Ron Zeigler, Director
(941) 350-9636
Contact
Ron Zeigler serves as a Director for SVN Florida Commercial Real Estate Advisors specializing in the sale of commercial development land, especially for industrial, residential and multi-family projects. Zeigler has 28 years of experience in the sale and financing of commercial real estate. He is an active member of the SVN Land and Development Services Product Council, the National and Florida Multi-Family Councils and the SFR Portfolio Council. The Land Council works through a national network of land advisors, collaborative marketing programs, an SVN land website, and land specific sales calls. For Florida land properties and development projects, Zeigler is a member of a specialized group named the SVN Florida Land Alliance which actively collaborates with other land specialists for state wide expertise and boots on the ground coverage. Ron's other focus is as a member of the SVN Florida Multifamily Team which stresses the critical tenets of open participation with colleagues, cooperation and a teamwork approach for full exposure of our clients’ properties. Ron is active is the fast-growing Build For Rent area. Prior to joining SVN, Zeigler served as the managing principal for Gulf Coast Mortgage and Realty Advisors in Sarasota, Florida. Gulf Coast offered financing, legal and real estate services to private and corporate entities. Zeigler served as the supervising real estate broker, the principal mortgage broker, and in-house legal counsel. His duties included entity formation, obtaining financing and joint venture participation for commercial transactions, and the purchase of commercial and residential properties. Previously, Zeigler served as Vice President for City Financial Corporation in Sarasota, Florida, where he served as a supervising securities principal and registered investment advisor. Besides his duties in the securities markets, he headed as the managing broker for an allied real estate and financing division that specialized in sale and financing of apartment complexes, healthcare properties, and shopping centers. Zeigler is a former member of the Ohio Bar Association and has been licensed as a Florida attorney since 1991. He has been licensed as a Florida corporate real estate broker, individual broker or associate since 1994. Zeigler is also active in representing troubled properties through the court ordered receivership process.
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