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505 Luminary Blvd Osprey, FL 34229

For Sale
$7,499,000

10-Acre Commercial Property, Prime Location

Property size:
4,000 SF

Description

Added:
Feb 3, 2025
Days on Market:
306
This exceptional 10.01-acre commercial property at 505 Luminary Boulevard, Osprey, Florida, presents a unique investment opportunity. The property boasts over 900 feet of frontage on Tamiami Trail/US41, offering unparalleled visibility and accessibility. This is one of the last significant parcels available in Sarasota County with a Tamiami Trail address, making it a highly sought-after location. The site is strategically positioned at the northeast corner of Luminary Boulevard and Tamiami Trail, directly across from a new Publix supermarket and adjacent to substantial new developments, including shopping centers, restaurants, and residential complexes. The property includes a 4,000 square foot freestanding office building equipped with water, sewer, and electricity connections. All entitlements are in place, making it "shovel-ready" for immediate development. Development potential includes an assisted living facility or memory care center, with a density allowance of 9 units per acre. Additionally, up to 46,000 square feet of office space is permissible. The property's infrastructure is complete, with readily available electric, water, and sewer services. Easy access to Tamiami Trail from both ends of the property is ensured by simple median cuts at Southbay Drive/Luminary Boulevard. This prime location and substantial development potential make this property an ideal investment for discerning buyers.

Property Features for 505 Luminary Blvd

General Information

Property type
Office Properties & Spaces
Square Feet
4,000 SF
Lot Size
436,036 SF

Building Details

Year Built
2015

Insight Report Location Intelligence

Current Use by Public Records

Office Properties & Spaces

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Osprey
County
Sarasota
State
Florida
Longitude
-82.47923
Latitude
27.17573

FAQs

What type of property is this?
Office Property / Space - 10-Acre Commercial Property, Prime Location
Where is this office property / space located?
The property is located at 505 Luminary Blvd Osprey, FL.
What is the asking price?
The asking price for this property is $7,499,000.
More about this property
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