Downtown Adjacent Development
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25 S Osprey Avenue, Sarasota, FL 34236
Two adjacent downtown parcels within an Opportunity Zone, including an income-producing commercial building, zoned for multiple redevelopment uses.
Property SizeContact for details
Days on Market147
Property Features for 25 S Osprey Avenue
General Information
Standard status
Active
Property subtype
Land
Zoning
Downtown Core (DTC)
Building Details
Tenancy
Multi
Listing Agency:
Ian Black Real Estate LLC
Listed By:
Amy Lyon MacDougall, CCIM · License #FL 3280912
(941) 961-3824
Source:
Crexi
Added: Jun 8
Changed: Oct 25
Last Checked: Nov 1 at 5:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ian Black Real Estate LLC
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Investment Insights
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The offering includes two adjacent commercial development parcels in an Opportunity Zone. Together, the lots provide 96 feet of frontage and extend 172 feet deep. One parcel, 25 S. Osprey Avenue, is improved with a 2,047 square foot commercial building that is currently leased, with short-term termination clauses in place. The site is positioned for redevelopment with zoning that supports a range of uses, including apartments or condos, retail, or office.
The property is in the Downtown Core area, described as near the east end of Main Street, with nearby newly developed multifamily and retail amenities, including Sprouts grocery and restaurants. The downtown setting supports a practical mix of redevelopment options for future tenants or buyers.
For developers and investors, the combination of two adjacent parcels and existing income from current leases provides flexibility while planning for future conversion or redevelopment. Because the parcels are zoned Downtown Core (DTC) and allow residential density up to 50 units per acre, this asset can accommodate multiple program directions, including apartments/condos and commercial uses such as retail or office. This is a straightforward, site-driven opportunity for buyers looking to reposition a downtown block under an Opportunity Zone framework.
The property is in the Downtown Core area, described as near the east end of Main Street, with nearby newly developed multifamily and retail amenities, including Sprouts grocery and restaurants. The downtown setting supports a practical mix of redevelopment options for future tenants or buyers.
For developers and investors, the combination of two adjacent parcels and existing income from current leases provides flexibility while planning for future conversion or redevelopment. Because the parcels are zoned Downtown Core (DTC) and allow residential density up to 50 units per acre, this asset can accommodate multiple program directions, including apartments/condos and commercial uses such as retail or office. This is a straightforward, site-driven opportunity for buyers looking to reposition a downtown block under an Opportunity Zone framework.
Key Highlights
- Two adjacent downtown Sarasota parcels in an Opportunity Zone, offering development upside under Downtown Core (DTC) zoning
- 96 ft of frontage on S Osprey Avenue with 172 ft depth
- 25 S. Osprey Avenue includes a 2,047 SF Victor Lundy commercial building
Property Analytics
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Location Intelligence
Trade Area within ½ mile
6,548
Businesses Nearby
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Business Placement
Demographics for 34236, FL
14,083
Population
11,661
Households
1.2
Avg Household Size
66
Median Age
62%
College-Educated
96%
High-School Grad
3.6 sq mi
ZIP Area
3,912
Density / Sq Mi
$96,400
Median Household Income
$48,828
Median Earnings
$2,010
Median Rent
$917,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Commercial land - Two adjacent downtown parcels within an Opportunity Zone, including an income-producing commercial building, zoned for multiple redevelopment uses.
Where is this commercial land located?
The property is located at 25 S Osprey Avenue Sarasota, FL.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: Two adjacent downtown Sarasota parcels in an Opportunity Zone, offering development upside under Downtown Core (DTC) zoning; 96 ft of frontage on S Osprey Avenue with 172 ft depth; 25 S. Osprey Avenue includes a 2,047 SF Victor Lundy commercial building
