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Penwest Park 2801 Fruitville Rd 99,849 SF 85% Leased Office Building Sarasota, FL 34237 For Sale

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INVESTMENT HIGHLIGHTS

  • Multi building multi tenant property with 99849 sqft rentable space.
  • Has four points of access from both main roads and side street for maximum access
  • Close to all Sarasota amenities - robust growing downtown district, airport, world known beaches, premier shopping & cultural attractraction.
  • Located on main throroughfare Fruitville Business Corridor from I75 to downtown Sarasota for high exposure and exceptional visibility.
  • Great day 1 cashflow and a lot of value add opportunity.
  • Abundant free parking and adjacent vacant land opportunities available.

EXECUTIVE SUMMARY

Available for immediate acquisition is Penwest Park, a multi tenant, multibuilding property located at 2801 - 2805 Fruitville Road in Sarasota Florida. Penwests consists of 3 concrete masonry buildings situated on 7.89 acres on the the highly visible and high exposure intersection of Fruitville and Tuttle Avenues along what is locally referred to as the Fruitville Business Corridor. The total leasable square footage is 99849 with total building area at 117156 square feet. Its currently hovers around 83% occupancy with great day 1 cash flow and lots of value add opportunities. The 2805 building has been completely renovated with many suites in the 2801 and 2803 buildings already showcasing features such as luxury vinyl plank flooring, LED color selectable lighting and new paint. Each building is suited a soothing Lucas Lagoon water feature of fountains, koi pond and water falls. All roofs are concrete slab and are 15 years young, exterior was completely painted in 2020, new landscaping and hardscape in 2024 and parking lot was resealed early 2025.
Rent roll, Profit & Loss, survey and floor plans available upon request.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
99,849 SF
Building Class
B
Year Built/Renovated
1986/1988
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
49,925 SF
Building FAR
0.29
Lot Size
7.89 AC
Opportunity Zone
Yes
Zoning
ORD - Office Regional District
Parking
466 Spaces (4.67 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Courtyard
  • Property Manager on Site
  • Signage
  • Monument Signage
  • Air Conditioning
  • Fiber Optic Internet
  • Smoke Detector

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 2805 - 100
  • 2,660 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Available is a 2nd floor 2660sqft office suite with 2 offices and open floor plan to create a collaborative office environment or room for cubicles. Its located directly inside the double doors to the building for easy access and high exposure. Recently completely renovated with luxury vinyl plank flooring, fresh paint, new blinds and ceiling. Suite is surrounded by windows for a flood of natural light and floor to ceiling lobby windows for high exposure. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction.

  • 1st Fl-Ste 2805 - 130
  • 2,450 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Available is a 1st floor 2450sqft office suite with 4 offices and open floor plan to create a collaborative office environment or room for cubicles. Its located directly inside the double doors to the building for easy access and high exposure. Front door is a set of full light doors and floor to ceiling lobby windows for clients visibility. Suite has two entrances for easy access for a workflow or a private back entrance for staff. Recently completely renovated with luxury vinyl plank flooring, fresh paint, new blinds and flat panel color selectable LED lighting. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction.

  • 2nd Fl-Ste 2801 - 220
  • 1,508 SF
  • Office/Medical
  • Full Build-Out
  • Now

Available is a 2nd floor 1508 sqft office suite with 3 offices, dual accessible conference room, private bathroom, break area, floor to ceiling outdoor corridor storefront windows that shows a view of the foliage in the courtyard below, reception and waiting area large enough for client seating. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction.

  • 2nd Fl-Ste 2801 - 240
  • 1,000 SF
  • Office
  • Full Build-Out
  • Now

Available is a 2nd floor 1000sqft office suite with 2 offices, floor to ceiling outdoor corridor storefront windows that shows a view of the foliage in the courtyard below, reception area large enough for client seating. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

  • 2nd Fl-Ste 2801 - 250
  • 4,936 SF
  • Office/Medical
  • Partial Build-Out
  • Now

Available is a 2nd floor 4936sqft office suite with 4 offices, conference room with floor to ceiling outdoor corridor storefront windows that shows a view of the foliage in the courtyard below, counter for coffee and snack station, two entrances, reception area, storage/technology areas and open floor plan to create a collaborative office environment or room for cubicles. Reception area is large enough for client seating. Can be combined with adjacent spaces. Floor plan is flexible. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

  • 2nd Fl-Ste 2801 - 265
  • 2,322 SF
  • Office/Medical
  • Full Build-Out
  • Now

Available is a 2nd floor 2322sqft office suite with 3 offices, bonus room, kitchenette area with room for full refrigerator, and coffee/snack station, in unit bathroom, storage/technology area and open floor plan to create a collaborative office environment or room for cubicles. Freshly painted and new luxury vinyl plank flooring. Can be combined with adjacent spaces. Floor plan is flexible . Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

Space Size Space Use Condition Available
1st Fl-Ste 2805 - 100 2,660 SF Office/Medical Partial Build-Out Now
1st Fl-Ste 2805 - 130 2,450 SF Office/Medical Partial Build-Out Now
2nd Fl-Ste 2801 - 220 1,508 SF Office/Medical Full Build-Out Now
2nd Fl-Ste 2801 - 240 1,000 SF Office Full Build-Out Now
2nd Fl-Ste 2801 - 250 4,936 SF Office/Medical Partial Build-Out Now
2nd Fl-Ste 2801 - 265 2,322 SF Office/Medical Full Build-Out Now

1st Fl-Ste 2805 - 100

Size
2,660 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

1st Fl-Ste 2805 - 130

Size
2,450 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 2801 - 220

Size
1,508 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2801 - 240

Size
1,000 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

2nd Fl-Ste 2801 - 250

Size
4,936 SF
Space Use
Office/Medical
Condition
Partial Build-Out
Available
Now

2nd Fl-Ste 2801 - 265

Size
2,322 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste 2805 - 100

Size 2,660 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Available is a 2nd floor 2660sqft office suite with 2 offices and open floor plan to create a collaborative office environment or room for cubicles. Its located directly inside the double doors to the building for easy access and high exposure. Recently completely renovated with luxury vinyl plank flooring, fresh paint, new blinds and ceiling. Suite is surrounded by windows for a flood of natural light and floor to ceiling lobby windows for high exposure. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction.

1st Fl-Ste 2805 - 130

Size 2,450 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Available is a 1st floor 2450sqft office suite with 4 offices and open floor plan to create a collaborative office environment or room for cubicles. Its located directly inside the double doors to the building for easy access and high exposure. Front door is a set of full light doors and floor to ceiling lobby windows for clients visibility. Suite has two entrances for easy access for a workflow or a private back entrance for staff. Recently completely renovated with luxury vinyl plank flooring, fresh paint, new blinds and flat panel color selectable LED lighting. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction.

2nd Fl-Ste 2801 - 220

Size 1,508 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Available is a 2nd floor 1508 sqft office suite with 3 offices, dual accessible conference room, private bathroom, break area, floor to ceiling outdoor corridor storefront windows that shows a view of the foliage in the courtyard below, reception and waiting area large enough for client seating. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction.

2nd Fl-Ste 2801 - 240

Size 1,000 SF
Space Use Office
Condition Full Build-Out
Available Now

Available is a 2nd floor 1000sqft office suite with 2 offices, floor to ceiling outdoor corridor storefront windows that shows a view of the foliage in the courtyard below, reception area large enough for client seating. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

2nd Fl-Ste 2801 - 250

Size 4,936 SF
Space Use Office/Medical
Condition Partial Build-Out
Available Now

Available is a 2nd floor 4936sqft office suite with 4 offices, conference room with floor to ceiling outdoor corridor storefront windows that shows a view of the foliage in the courtyard below, counter for coffee and snack station, two entrances, reception area, storage/technology areas and open floor plan to create a collaborative office environment or room for cubicles. Reception area is large enough for client seating. Can be combined with adjacent spaces. Floor plan is flexible. Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

2nd Fl-Ste 2801 - 265

Size 2,322 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

Available is a 2nd floor 2322sqft office suite with 3 offices, bonus room, kitchenette area with room for full refrigerator, and coffee/snack station, in unit bathroom, storage/technology area and open floor plan to create a collaborative office environment or room for cubicles. Freshly painted and new luxury vinyl plank flooring. Can be combined with adjacent spaces. Floor plan is flexible . Abundant free parking surrounds the building. Office Park is lined with mature oak trees and each building has a plushily landscaped courtyard with relaxing fountains and waterfalls. An Impressive mix of professional tenants – Doctors, Attorneys, CPA, Financial Planners – call Penwest Park their business home Penwest Park is located in a meticulously maintained office park centrally and conveniently located a couple miles outside of downtown Sarasota, just a few miles from I-75/US41, 4.8m from SRQ International Airport and a short drive from beaches, shopping and restaurants. Penwest Park is situated on the Fruitville business corridor which is the the main east/west thoroughfare from I75 to downtown Sarasota, It boasts easy access thru any one of their four entrances and high traffic count and street visibility. Owner managed with a focus on tenant satisfaction. New interior photos coming soon after the space is refreshed.

Walk Score®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
2020 Population
13,472
85,763
171,957
2024 Population
14,248
88,311
179,272
Population Growth '20-'24
5.8%
3.0%
4.3%
2020 Households
5,844
38,794
78,331
2024 Households
6,095
39,880
81,338
Household Growth '20-'24
4.3%
2.8%
3.8%
Average Age
42
46
47
Median Household Income
$56,653
$62,911
$68,772
Daytime Employees
8,230
71,211
128,158
Total Businesses
1,175
10,166
17,388
College Degree + Higher
21%
32%
35%

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2030-13-0057
Land Assessment
$3,732,400
Improvements Assessment
$11,979,400
Total Assessment
$15,711,800
  • Listing ID: 37005882

  • Date on Market: 7/29/2025

  • Last Updated:

  • Address: 2801 Fruitville Rd, Sarasota, FL 34237

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