Former Panera, Truist spaces available at high-traffic Sarasota retail plaza

A high-traffic Sarasota shopping center has three spaces available for lease, according to American Property Group, which is marketing the properties.

Midtown Plaza, located at the intersection of South Tamiami Trail and Bahia Vista Street, is home to tenants like Michael’s on East, Massage Envy, Elysian Fields, Conviva Senior Primary Care and Starbucks. Now it seeks to fill three vacancies totaling nearly 15,000 square feet.

One is the home of a former Panera. The restaurant vacated the space in November, according to several social media posts. It occupies 4,025 square feet at the corner of the plaza. The lease rate is $40 per square foot per year, according to American Property Group. 

Another is a 5,300-square-foot building that used to house Truist bank. The freestanding concrete block structure has a drive-thru, contains a vault and is “ideal for another bank user,” according to the listing, which says: “Knocking the building down for a ground lease is also a potential option" for a qualified national tenant. The lease rate is not disclosed.

A third spot available for lease is a 5,500-square-foot space within Midtown Plaza next to Conviva Senior Primary Care. According to the listing, it can be taken down to 4,000 square feet. The lease rate, the firm says, is $32 per square foot per year.

The properties for lease are at 1325 S. Tamiami Trail. Annual average daily traffic going by the Midtown Plaza is 58,000, according to American Property Group.

On the other side of the plaza, where a former Winn-Dixie is located, property owner Midtown Associates is seeking to redevelop 3.5 acres into apartments, a hotel, retail space and a garage.