2289-91 Ringling Blvd

The Sarasota commercial real estate market is strong and favorable for investment due to consistent population growth and a diversified economy. Market Health: The Sarasota office market, the largest in Southwest Florida with over 28 million square feet of inventory, maintains a low vacancy rate of 4.9%. This is considered healthy by institutional investors. Rental Rates: Average asking rents have been increasing, with a 2.8% year-over-year growth that surpasses the national average. This is expected to continue due to the low vacancy rate, empowering landlords to push rents. Population Growth: Sarasota's annual population growth rate of 1.8% is significantly higher than the national average, driving demand across all commercial sectors. Investment Opportunities: The market favors value-add opportunities and mixed-use developments. The healthcare, technology, and tourism sectors are key economic drivers. Ringling Boulevard is a key thoroughfare in Sarasota, connecting various commercial and residential areas. The corridor is considered a vibrant business district near downtown.Property Description: 2289 Ringling Blvd, Sarasota, FL 34237 This single-story, two-unit commercial building sits on the northwest corner of Ringling Boulevard and Lime Avenue, a high-visibility corridor just minutes from Downtown Sarasota. Built in 1956, the property contains two separate units, totaling approximately 2,539 SF on a 0.11-acre lot. The building is currently occupied by New Fresh Mozzerella Pizzeria, LLC. Zoned Commercial General (CG), the property offers exceptional flexibility for a variety of uses, including retail, office, or restaurant space. This is a prime opportunity to acquire a well-located, income-producing asset with significant value-add potential in a thriving market.