Sarasota retail property across from SMH sells for $7M

Blue Waters Development Group, a Cape Coral real estate developer and property owner, has bought a retail building on Tamiami Trail in Sarasota that, along with a neighboring property it owns, could be redeveloped.

The property that sold is at 1427 S. Tamiami Trail, across from Sarasota Memorial Hospital.

It sits on 1.35 acres and is 13,000 square feet with a tenant roster that includes Integrated Dental of Florida, Playa Bowls, Curaleaf Dispensary Sarasota and Verizon.