Property profile

420 Tamiami Trl Osprey, FL 34229

OFF-MARKET
Office Spaces
17,191 SF Built 1985
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Property summary

AI-generated overview

This exceptional three-story medical office building, located at 420 S Tamiami Trl, Osprey, FL 34229, presents a compelling investment opportunity. Boasting 17,191 square feet of vacant space, this property offers significant potential for redevelopment or immediate occupancy. The building, constructed in 1985, features convenient elevator service and wide hallways, ensuring ease of access and navigation. Its prime location on Tamiami Trail provides excellent visibility and accessibility, enhanced by two entrances and ample parking both above and below ground. The 35,000 square foot lot is zoned ST2A - SOUTH TRAIL: SUBAREA 2 (AUC), allowing for various uses. The asking price is $3,495,000, translating to $203.30 per square foot. Situated in Osprey, Sarasota County, this property benefits from its proximity to the vibrant city of Venice, known for its beautiful beaches, unique shops, restaurants, and attractions. The recent addition of a Sarasota Memorial Hospital branch further solidifies the area's growth and desirability. This is a rare chance to acquire a substantial medical office building in a thriving coastal Florida community. The property's APN is 0429030014. This is a turnkey opportunity for an investor seeking a high-return investment in a prime location.

Property profile

Verified
Property type Office Spaces
Year built 1985
Total area 17,191 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Construction Company
  • Home Health Care Service
  • Home Health Care Service

Location

420 Tamiami Trl Osprey, FL 34229
Osprey metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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