Spoiler alert: It's not a "tear down to make room for luxury condos" kind of situation.
The property sold for $1.1 million.
Sarabay Plaza is a 37,601-square-foot retail property located at 6513 14th St. W.
The property is located at 2751 N. River Road.
Sarasota's Regatta Royale LLC recently purchased the Regatta Arms, a 28-unit apartment complex in Palmetto.