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1836 Fruitville Rd
Sarasota, FL 34236
Chase Bank | 15-YR Ground Lease | DTC Zoning · Retail Property For Sale

Investment Highlights

  • Rare opportunity to own a new 15-year Chase Bank ground lease in Sarasota’s Downtown Core
  • High intrinsic land value due to urban mixed-use zoning - located in the Downtown Core district with zoning that allows for 50 dwelling units per acre
  • Chase Bank has one of S&P’s highest credit ratings (A+) and is the largest financial institution in the US with approximately $3.7 trillion in assets
  • Chase is consolidating two branches into this new state-of-the-art facility with dual drive-thru and bringing $253 million in deposits
  • Long-term covered land play - comps suggest underlying land value exceeds asking price
  • Absolute Net ground lease provides passive ownership and stable cash flow

Property Facts

Property Type
Retail
Property Subtype
Bank
Building Size
3,723 SF
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.36 AC
Zoning
DTC - Downtown Core Zoning
Frontage
52’ on FRUITVILLE RD

Amenities

  • Drive Thru

Property Taxes

Property Taxes

Parcel Number
2026-16-0036
Land Assessment
$4,363,900
Improvements Assessment
$1,074,800
Total Assessment
$5,438,700
  • Listing ID: 29509945

  • Date on Market: 9/13/2023

  • Last Updated:

  • Address: 1836 Fruitville Rd, Sarasota, FL 34236

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