Former Wells Fargo Property Lists & One Year Anniversary of Siesta Key Marina Sale

By Jane Bartnett

Former Wells Fargo Bank Building & Property Lists

The former Wells Fargo Bank Siesta Key branch building and adjoining property at 5810 Midnight Pass Road has been listed for sale for $4,375,000. JLL Senior Vice President Paul Rutledge and JLL Associate Jen Ward have the listing for the sale of the 5810 Midnight Pass property. JLL, is a leading professional services firm that specializes in real estate and investment management.

There is, according to JLL “Executive Summary” sales brochure, a “restriction against use as a financial institution for two years.” The former bank property is “being offered for potential owner occupant or investor for alternative use.” The structure is a described as a “well maintained building ready for occupancy,” according to JLL. Zoning for the property is “Sarasota County CG – Commercial, General.” Built in 1971, the 5,800 square-foot building has three drive-through lanes. There are 50 parking spaces in the paved parking area. The land area is listed as “2.04+ acres.” The JLL real estate brochure describes the property’s potential future use as a “large parcel with possibility of re-development” that can “easily be re-purposed for office or other professional use.”

The former Wells Fargo building on Midnight Pass shown in October 2020 before the property was listed for sale

Wells Fargo closed the branch permanently on November 18th. A spokesman for Wells Fargo told the Siesta Sand that the nearest Wells Fargo bank branch to Siesta Key can found at 4794 South Tamiami Trail. Phone: 941-961-1280.

Safe Harbor Siesta Key

The former Wells Fargo branch listing follows another high-profile, multi-million dollar, Siesta Key real estate transaction that made news in early 2020, when it was announced in January, that the former Siesta Key Marina, at 1265 Old Stickney Point Road, sold for $2.4 million to Dallas based, Safe Harbor Marinas. Now known as Safe Harbor Marinas, it is Siesta Key’s only-such full service facility. According to news reports, the marina’s 243 dry storage racks, on-location boat service, boat rentals, full-service ship store, and the Spearfish Grille restaurant was sold by the Dentici and Eggebrecht families. Sarasota Magazine stated that “the sellers will continue to run the Spearfish Grille restaurant and the marina’s boat tour service, leasing those spaces from the new owners.”

According to Safe Harbor Marinas’ corporate website, the company is the largest owner and operator of marinas in the world, “dedicated to providing exceptional service and memorable experiences to the global boating community.” Based in Dallas, Texas, there are 100 Safe Harbor Marinas in 22 states around the nation. Along with Safe Harbor Siesta Key, Safe Harbor Marinas’ Florida locations include: Safe Harbor Pineland in Bokeelia; Safe Harbor Pier 77 in Bradenton; Safe Harbor Cape Harbour in Cape Coral; Safe Harbor Calusa Island in Goodland; Safe Harbor South Fork in Fort Lauderdale; Safe Harbor Harbortown in Fort Pierce; Safe Harbor Regatta Point in Palmetto; Safe Harbor Burnt Store in Punta Gorda; Safe Harbor New Port Cove in Riviera Beach, and Safe Harbor Harborage, in St. Petersburg.

A company press release stated that Safe Harbor has an approximate 45,000-member network of boat owners across 22 states. The company’s website advises that membership provides access to “the world’s largest boating network.” Members have access to privileges at over 100 locations, and membership opportunities include “signature Member-only experiences.”

Safe Harbor Siesta Key facilities are available to the public and include access to year-round boat rentals and dry storage as well as marine services and mechanical and electrical services provided by certified technical staff. On-premise fishing charters are also offered through local charter partners, SiestaKation, Kelly Kurtz, and Reel Tight Fishing Charters and a full-service ship’s store is open to the public. The ship’s store sells water, ice, cold drinks, snacks, beer and wine, as well as apparel, accessories and boat supplies. Boaters can pull into the Safe Harbor Siesta Key fuel dock from 8 am – 5 pm daily. The popular Spearfish Grille restaurant is open daily from 11:00 am – 10:00 pm, and offers open-air waterfront dining and fresh caught local seafood.

Caption

Photo: The former Wells Fargo building on Midnight Pass shown in October 2020 before the property was listed for sale.

Photo – Siesta Sand