Sunset Automotive Group buys land near Sunset Kia

By Business Observer Staff
| 9:38 a.m. November 1, 2013
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

BUYER: Geyer-Dickinson Partnership LLP, Sarasota
SELLER: Health Quest Realty IV
PROPERTY: 7901 S. Tamiami Trail, Sarasota
PRICE: $1.05 million
LAW FIRM ON DEED: Williams Parker Harrison Dietz & Getzen, Sarasota

PLANS, DESCRIPTION: Sunset Automotive Group purchased a 3-acre vacant triangular parcel of land on U.S. 41 north of Beneva Road for $1.05 million.

The price equated to $350,000 per acre. That figure is lower than the two-year average price per acre for retail land ($893,571) in the Tampa Bay area, according to the CoStar Group.