505 Luminary Blvd Osprey, FL

Listing office American Property Group a***@americanpropertygroup.com Show Phone

Listing date Aug 16, 2024

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Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

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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 $7,499,000.

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.