31 S Osprey Avenue, Sarasota, FL 34236

Listing agent Jag Grewal CCIM, SIOR Show Phone

Listing office Ian Black Real Estate, LLC Show Phone

Listing date Jun 8, 2026

Source Moodyscre

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Overview

The offering includes two adjacent downtown Sarasota parcels with shared frontage on South Osprey Avenue. The lots measure 96 feet of frontage and 172 feet deep, and 25 S. Osprey Avenue is currently improved with a 2,047-square-foot Victor Lundy commercial building.

Both parcels are described as providing income from leases with short-term termination clauses. The property is zoned Downtown Core (DTC) and is also identified as being in an Opportunity Zone. The DTC zoning is stated as allowing for 50 units per acre, with redevelopment options including apartments/condos, retail, or office.

For buyers and developers, the combined assemblage supports flexible project planning for residential, mixed-use, retail, or office development within the Downtown Core. The existing leased building may provide near-term cash flow under leases that include short-term termination clauses, while the site configuration and stated zoning align with redevelopment use cases.

Suggested Use

Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Law Firm Daycare Center Building Supply Gym & Fitness Center Pharmacy

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

Location Insight

• Map
• Local Demand

City

Sarasota

County

Manatee

State

Florida

Longitude

-82.534136

Latitude

27.3358388

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FAQs

What type of property is this?

Commercial land - Two adjacent downtown parcels with frontage on South Osprey Avenue and income-producing leases, positioned for redevelopment.

Where is this commercial land located?

The property is located at 31 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 on S Osprey Avenue with 96 ft of frontage and 172 ft depth; 25 S. Osprey Ave includes a 2,047 SF Victor Lundy commercial building currently generating lease income; Both parcels have income from leases with short‑term termination clauses