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    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
    2020
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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