505 Luminary Blvd Osprey, FL 34229
- Office buildings
- 4,000 SF
- 10.01 lot acres
Current Use by Public Records
- Office buildings
Property Details for 505 Luminary Blvd
- Year built
- 2015
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 10.01 lot acres
- Property size
- 4,000 SF
- Zone code
- OPI
- Property type
- Office buildings
- APN
- 0155-13-0024
- APU
- 155130024
Description
This exceptional 10-acre commercial land parcel in Osprey, Florida, presents a prime development opportunity. Boasting over 900 feet of frontage on the highly trafficked Tamiami Trail (US41), this strategically located property is zoned OPI and offers significant development potential. An existing 4,000 square foot freestanding office building with readily available utilities (electric, water, and sewer) provides immediate income potential or a base for future expansion. The site is "shovel ready," meaning all entitlements are in place, allowing for immediate commencement of construction. Development plans can include up to 46,000 square feet of office space, or an Assisted Living Facility (ALF) at a density of 9 units per acre. Its prime location directly across from a new Publix and adjacent to thriving commercial and residential developments ensures high visibility and strong demand. Easy access to Tamiami Trail from both ends of the property via simple median cuts at Southbay Drive/Luminary Blvd further enhances its appeal. The property's APN is 0155130024, and the asking price is $7,499,000. This is a rare opportunity to acquire a substantial, fully entitled parcel in a rapidly growing area of Sarasota County. The lot size is 435,904 square feet. The address is 505 Luminary Blvd, Osprey, FL 34229.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Osprey
- County
- Sarasota
- State
- Florida
- Longitude
- -82.4792
- Latitude
- 27.1757
- CBSA code
- 35840
- CBSA name
- NORTH PORT-SARASOTA-BRADENTON, FL METROPOLITAN STATISTICAL AREA
