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    505 Luminary Blvd Osprey, FL 34229

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    For Sale
    $8,499,000

    10-acre commercial land with existing office building in Osprey.

    Lot size:
    10.01 Acres

    Property Features for 505 Luminary Blvd

    General Information

    Lot size
    10.01 Acres

    Source: American Property Group Agent Adam J Seidel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Osprey Commercial Land Opportunity

    This 10-acre commercial land parcel in Osprey, Florida, features over 900 feet of frontage on Tamiami Trail/US41. The property includes a 4,000-SF freestanding office building with water, sewer, and electricity. Located directly across from a new Publix and adjacent to new shopping plazas, restaurants, apartments/condos, and single-family homes, this parcel is positioned in an area of significant development. The property has entitlements in place and is ready for development, with electric, water, and sewer available. It allows for a density of 9 units per acre for an Assisted Living Facility/Memory Care, and up to 46,000 SF of office space. The location provides easy access to Tamiami Trail from both ends of the property, with median cuts at Southbay Drive/Luminary Blvd. The property is situated on the northeast side of the intersection of Luminary Blvd and Tamiami Trail in Osprey, FL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    -82.476878
    Latitude
    27.17462

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    FAQs

    What type of property is this?
    Land - 10-acre commercial land with existing office building in Osprey.
    Where is this land located?
    The property is located at 505 Luminary Blvd Osprey, FL.
    What is the asking price?
    The asking price for this property is $8,499,000.
    What are key features of this property?
    This property features: - Prime Location: Over 900 feet of frontage on Tamiami Trail/US41, directly across from a new Publix.; - Development Potential: 10-acre parcel with entitlements in place for Assisted Living Facility/Memory Care at 9 units per acre, and allowable office space up to 46,000 SF.; - Shovel-Ready: Electric, water, and sewer in place, making the property ready for immediate development.
    (941) 544-0770
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    505 Luminary Blvd Osprey, FL 34229
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    Osprey, FL 34229
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    505 Luminary Blvd Osprey, FL 34229
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