DOWNTOWN SARASOTA LAND & DEVELOPMENT OPPORTUNITY

1836FRUITVILLE ROAD

Sarasota, Florida 34236

PRESENTED BY:JOHN F. GERLACH, CCIM Managing Director, Investment Services Office: +1 727 442 7184Email: john.gerlach@colliers.com

JAKE GERLACH Project Manager, Investment Services Office: +1 727 442 7184Email: jake.gerlach@colliers.com

Tampa Bay Florida

COLLIERS INTERNATIONAL 311 Park Place Boulevard, Suite 600Clearwater, FL 33759Office: +1 727 442 7184www.colliers.com/tampabay

MACKENZIE GERLACH Associate, Investment Services Office: +1 727 442 7184Email: mackenzie.gerlach@colliers.com

Colliers International is pleased to introduce this development opportunity in downtown Sarasota. The property, referred to as 1836 Fruitville Road, is a vacant parking lot offering outstanding visibility with a central location on heavily traveled Fruitville Road in downtown Sarasota.

Downtown Sarasota is increasingly becoming one of the most prominent places to live. In 2018, U.S. News ranked Sarasota as the 3rd Best Place to Retire and the 34th Best Place to Live based on the quality of life and the job market. Access to the water and award-winning beaches remains a high scoring amenity however today people desire a more modern lifestyle where they can walk to the most essential conveniences such as grocery stores, coffee shops, restaurants and shopping. To meet this shift in demand, the downtown core is going vertical with new luxury residential, hotel, office and mixed-use projects offering a variety of urban amenities attracting new residents and businesses.

PROPERTY AT A GLANCE

ADDRESS 1836 Fruitville Road Sarasota, FL 34236

PARCEL #: 2026-16-0036

TOTAL SITE SIZE 0.96± acres (41,915± SF)

COUNTY Sarasota

TOPOGRAPHY Flat

TRAFFIC COUNTS 29,525± on Fruitville Road

FRONTAGE 203.5’ on Fruitville Road 55’ on N Links Avenue 255.66’ on 2nd Street

ZONING ‘DTC’ Downtown Core

FUTURE LAND USE ‘DTC’ Downtown Core

PERMITTED USES Residential uses (up to 50 units per acre) and nonresidential lodging, office, commercial and artisan uses. Maximum height of buildings is 10 stories.

FLOOD ZONE X - area determined to be outside 500-year floodplain

OPPORTUNITY ZONE YesRecently designated as “Qualified Opportunity Zone” as part of the federal Tax Cuts and Jobs Act of 2017. The program provides tax advantages for individuals and corporations that invest in the zones, which were selected based on poverty rate, family income, unemployment and other factors.

ASKING PRICE Offers being accepted. Please contact agent.

Sarasota Bay

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Downtown Sarasota

0.96 AC

Downtown Sarasota Development Site1836 Fruitville Road, Sarasota, Florida 34236

LOCATION

1836 Fruitville Road benefits from its location in the heart of downtown Sarasota.Fruitville Road is the primary route entering and exiting the downtown area, providing a direct link to Interstate 75, approximately 7 miles to the east. Fruitville Road also serves as a commercial shopping strip for commuters as well as adjoining residents and businesses. This site is within walking distance to several of these businesses, the county courthouse, government offices, retail shops and many restaurants. Overall, the property is centrally located and positioned very well within downtown Sarasota. Source: City of Sarasota Downtown Master Plan

SITE

FRUITVILLE ROAD

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2nd Street

0.96 AC

Fruitville Rd

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Bayfront D

Exceptional Location for Condominium or Apartment Project

N Osprey Ave.

DEMOGRAPHIC SUMMARY 1 - 3 - 5 Demographics

1836 Fruitville Rd, Sarasota, FL 34236

1.0-Mile Radius

3.0-Mile Radius

5.0-Mile Radius

Copyrighted report licensed to Colliers International Tampa Bay Florida - 482230.

1-MILE

3-MILES

5-MILES

The DeSota Bold Lofts The Q

1-Mile 3-Miles 5-MilesPopulation2018 Estimate 14,039 75,668 152,0272023 Projection 15,288 81,795 164,123Households2018 Estimate 6,584 33,362 68,9492023 Projection 7,182 36,005 74,246Owner Occupied 46.65% 60.94% 66.92%Renter Occupied 53.35% 39.06% 33.08%Growth 2018 - 2023 9.08% 7.92% 7.68%Income2018 Average HH Income $71,703 $67,353 $77,753

NEARBY AMENITIES & NEW DEVELOPMENTS

County Courthouse & Govt. Offices

Fruitville Rd

NEW DEVELOPMENT BOLD Lofts 97 Residential Units 6,271 SF Office Space Completed 2018

NEW DEVELOPMENT The DeSota Luxry Apartments180 Apartments21,000 SF CommercialCompleted 2018

NEW DEVELOPMENT Embassy Suites & Spa Luxry Hotel180 RoomsCompleted 2018

PLANNED DEVELOPMENT Courtyard at Citrus Phase II & III 28 Condos 4,200 SF Commercial

NEW DEVELOPMENT Centerplex 28,660 SF Office Completed 2018

NEW DEVELOPMENT The ‘Q’ 40 Townhomes Completed 2018

PLANNED DEVELOPMENT Quay Sarasota 695 Residences 175 Hotel Rooms 38,972 SF Office 189,000 SF Retail

NEW DEVELOPMENT Aloft Hotel & Apartments Luxry Hotel & Apartments138 Hotel Rooms 139 ApartmentsComplete

NEW DEVELOPMENT Elan Rosemary Apartments 286 ApartmentsUNDER CONSTRUCTION

Downtown Sarasota is thriving with new development!

Source: 2018 Winter Sarasota Development Report NOTE: Not all area developments are shown

SITE

1836 Fruitville RoadSITE SURVEY

Tampa Bay Florida

Downtown Sarasota Development Site1836 Fruitville Road, Sarasota, Florida 34236

This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). © 2019. All rights reserved.

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This map is a product of, and prepared for use by the Sarasota County Property Appraiser's OfficeNo warrenties are expressed or implied

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2nd Street

Fruitville Road - Traffic Count 29,525±

0.96 AC

Downtown Sarasota