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Property profile & analytics
FOR SALE
Commercial land

135 Bayview Dr Osprey, FL 34229

Entity Owned 3-yr Hold
Property ID
US18-2883846
Property summary
AI-generated overview

Fantastic development opportunity located with frontage on the Gulf and US-41. Retail, Commercial, and Hotel development site located in rapidly growing Osprey/Sarasota. The site is nestled between Us-41 and the Gulf. The subject site has approximately 5.498 acres of land. The development features a mixed-use plan with a Gulf front hotel consisting of a 4 story, 100,000 sf, 120-room plan, a commercial site with a proposed 12,000 sf office building, and a retail site with a 2-story, 24,000 sf building with drive-thru opportunity. US-41/S. Tamiami Trail is a major North/South connector making this a heavily trafficked area, giving this property excellent visibility on US-41. The site is within close proximity to Sarasota, downtown Venice, and a short drive to I-75. The current zoning allows for hotel, commercial and retail, making this a prime property for redevelopment. The area benefits from a centralized, strategic location within Florida between two of the state’s largest business centers, Miami and Tampa. The region’s burgeoning tourism and healthcare industries are fueled by a rising tech manufacturing and entrepreneurship scene. I-75 provides ease of access from Osprey/Sarasota to the major Florida employment centers of Tampa and Miami, as well as to the Midwestern United States. Located just 25 minutes to the north, Sarasota-Bradenton International Airport handles nearly 1.26 million passengers annually and serves as a connecting hub for US Airways, American Airways, Delta, JetBlue, United, and Air Canada. In addition, Tampa International Airport, the 31st busiest in the nation, lies about one hour to the north.

Property profile
Verified
Property type Commercial land
UPID US18-2883846
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Evie's at Spanish Point - The Tiki Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Spanish Point INC · 3 yrs held
Spanish Point INC
since 2022
2 recorded transactions
2022
Price N/A
2020
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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