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Business Observer Friday, Aug. 12, 2022 1 month ago

South Sarasota shopping center sells

Southpointe Marina Mall, the former home of The Waterfront Restaurant, has sold to an investor. The deal includes a house.
by: Louis Llovio Commercial Real Estate Editor

Southpointe Marina Mall in Sarasota has sold.

The plaza on South Tamiami Trail, which counted The Waterfront Restaurant as a tenant for nearly 40 years, brought $6.5 million. The buyer was Donatas Filipavicius.

According to the American Property Group, which represented the seller, the 28,301-square-foot plaza includes 23 retail and office units, boat slips and a just renovated dock and boat ramp. It sits on 2.44 acres with 770 feet of waterfront looking onto Sarasota Bay.

A single-family home located just behind the center was part of the deal.

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