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Turnkey Restaurant Space in Osprey

3983 DESTINATION Dr 102 Osprey, FL 34229

3983 DESTINATION Dr 102, Osprey, FL, 34229

$1,050,000

For Sale

$1,050,000

Restaurant space in Bay Street Village and Towncenter.

Property Size2,030 SF

Price / SF$517.24

AddedApr 15

Days on Market92

Last RefreshMar 29 at 4:33 am

Property Features for 3983 DESTINATION Dr 102

General Information

Standard status: Active
Size: 2,030 SF
Property subtype: Commercial

Building Details

Year Built: 2008

Listing office Coldwell Banker

Listing date Apr 15, 2026

Source Elliman

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 Coldwell Banker

Investment Insights

Based on property information with market context.

Located in Bay Street Village and Towncenter at 3983 Destination Drive, Osprey, this 2,030 square-foot ground-floor space is suitable for a restaurant or other retail concept. The space is fully built out with seating for approximately 150 guests, including indoor and outdoor dining areas. The interior features a dining room and a central bar. Restaurant equipment conveys, and furniture is available. The property has exposure and signage visibility with an entrance tower facing US-41. The location is a walkable destination with businesses such as a breakfast and lunch bistro, art galleries, jewelry shops, a spa, a florist, a dentist, and coworking spaces. Over 270 new luxury residential units have been completed next to the property. The unit is located along US-41 in Sarasota County. The property is zoned CG, offering commercial use options. Second-floor space is available separately and includes a balcony, additional kitchen and prep areas, storage, a walk-in cooler, and an extra dining or coffee bar area. Both units are easy to split, providing flexible space options depending on the operator's needs. The bike score is 47, and the walk score is 35.

Key Highlights

Turnkey 2,030 SF ground‑floor restaurant space with seating for 150, ready for immediate operation.
Located in Bay Street Village and Towncenter on US‑41, offering excellent exposure and signage visibility.
Thriving, walkable location surrounded by complementary businesses and 270+ new luxury residential units.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$50.7k	$24.96
− Vacancy	−$2.8k	−$1.37
EGI	$47.9k	$23.59
− OpEx	−$12.0k	−$5.90
NOI	$35.9k	$17.69

2,030 SF · lease $24.96/SF/yr · vacancy 5.50% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$513.0K

$448.9K – $598.5K (±1% cap)

NOI $35,912 @ 7.0% cap · market cap 3.42%

Second Best

—

no second resolved use

Theoretical Best

Office A

$576.9K

$504.8K – $673.1K (±1% cap)

NOI $40,386 @ 7.0% cap · market cap 3.85%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Anne Crowley, Acupuncture ... Physician Sutra Gallery LLC Art Gallery Sarasota Bay Facials Spa & Massage Center Valor Jets Aviation Consultant Jeremy Pinkas Carpets General Contractor

Suggested Use

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For sale
Restaurants
FL
Osprey
34229
3983 DESTINATION Dr 102

What type of property is this?

Restaurant - Restaurant space in Bay Street Village and Towncenter.

Where is this restaurant located?

The property is located at 3983 DESTINATION Dr 102 Osprey, FL.

What is the asking price?

The asking price for this property is $1,050,000.

What are key features of this property?

This property features: Turnkey 2,030 SF ground‑floor restaurant space with seating for 150, ready for immediate operation.; Located in Bay Street Village and Towncenter on US‑41, offering excellent exposure and signage visibility.; Thriving, walkable location surrounded by complementary businesses and 270+ new luxury residential units.