Walgreens Sarasota/Siesta Key

$7,800,000

3901 S Tamiami trail, Sarasota, FL 34231

For Sale

Retail

Active

Last Updated: 08/13/2026

Details:

Building Size: 17,208 sqft

Lot Area: 1.44 acres

Units: 1

Year Built: 1999

Zoning: CG

Floors: 1

Parking Spots: 74

Year Last Renovated: 2009

Offered by

David Neff

Senior Broker Associate

615-Coldwell Banker Realty - Florida

#BL3224740

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Elliot Rose

615-Coldwell Banker Realty - Florida

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Highlights:

Available Floors: 1
Average Floor Size: 17208.0
Average Occupancy Rate: 100.0
Max Contiguous Area: 19144.0
Min Divisible Area: 17208.0
Lot Size: 1-2 Acres
Age: 11-20 Years Old
Sewer: City
Water: City Water

Description:

Location, Location, Location!!! Extraordinary Opportunity!
One of the most prominent intersections in Greater Sarasota, this Walgreens Building has been operating since it was built in 1999. At Bee Ridge Road and South Tamiami, this location has high visibility, high traffic
count and easy in and out access. it is literally five minutes from Siesta Key and its world renown Beaches and recreational amenities and vacation rental properties.
It is just moments away from renowned shopping centers. Within 5 minutes to the Siesta Key North Bridge. Siesta Key Beach, featuring recreational/amenities, great restaurants and vacation rental properties, It is an award winning beach and resort island which has been voted The Number 1 Beach in the Country many times. Also, Marie Selby Botanical Gardens is also minutes away. The location offers a dynamic mix of
leisure and commerce. A significant percentage of Sarasota's wealthy neighborhoods stretch for miles North or South just West of Tamiami Trail! The location attracts a diverse and affluent customer base.
At over 17,000 Sq. Ft. and situated on approximately 1.44 acres (62,477 sq ft and zoned CGD (Commercial General District) this location and building is perfect for continued retail or suitable to be re-purposed for
mixed use; professional/medical offices; or for completely re-developing the property. BONUS Plenty of parking with 74 spaces, adjacent thriving liquor store and a double lane drive-thru.
Buy the property now and then enjoy the Walgreens annual lease revenue until the lease expires on 7/31/2029 when you convert it to your ultimate highest and best use!

PROPERTY OVERVIEW
The property is for sale, subject to honoring the existing lease which current term expires on 07/31/2029. The property is surrounded by a robust selection of restaurants, retail, service businesses and upscale "West of Trail" residential neighborhoods, making it an ideal investment opportunity for retail investors seeking to capitalize on Sarasota's expanding market.
PROPERTY HIGHLIGHTS
19,144 Gross and 17,208 Net SF building *** Built in 1999, renovated in 2009*** Zoned CGD (Commercial General District) See attached Zoning info. *** Located in Sarasota close to Shopping, Dining and Beaches *** 100% occupancy.
SITE DESCRIPTION
Located within the City of Sarasota. *** Corner property at a very busy intersection. *** Close to Downtown Sarasota and Sarasota Memorial Hospital.*** Building size 19,144 Gr. 17,208 Net. ***74 paved and striped parking spaces. *** Adjacent Liquor store with separate entrance. (Liquor license may not be included) *** Double lane drive thru carport access. *** Commercial General District (CGD zoning). *** 1.44 Acres (62,477 Sq. Ft.). *** New Roof, Gutters and scuppers/downspouts (2023). *** Decorative Barrel tile overlay (2026).
SEE OFFERING MEMORANDUM FOR ADDITIONAL TERMS AND CONDITIONS.