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505 LUMINARY BOULEVARD
Osprey, FL 34229
FOR
SALE
$7,499,000
For Sale
4,000
Sq.Ft.
10.01
Acres
MLS# A4616676
Cumulative Days on Market: 8 (since July 10th, 2024) Data provided by the MLS.

Property Details

American Property Group of Sarasota, Inc. presents 505 Luminary Blvd, Osprey, SarasotaProperty Type: Commercial Land with Existing Office BuildingProperty Size: 10 AcresDiscover this exceptional opportunity with over 900 feet of frontage on Tamiami Trail / US41 in Osprey, FL! This is one of the last substantial parcels available in Sarasota County with a Tamiami address. Positioned directly in the path of progress, this 10-acre parcel is ready for development with all entitlements in place.Property Features:Existing Office Building: 4, 000 SF Freestanding Office Building with water, sewer, and electricityDevelopment Potential: Density for Assisted Living Facility / Memory Care at 9 units per acreOffice Space Allowable: Up to 46, 000 SF of office spacePrime Location: Directly across from the new Publix and adjacent to massive new developments, including shopping plazas, restaurants, apartments / condos, and single-family homesInfrastructure: Electric, water, and sewer in place, making the property shovel-readyAccessibility: Easy access to Tamiami Trail from both ends of the property with simple median cuts at Southbay Drive / Luminary BlvdStrategic Positioning: Located at the northeast side of the intersection of Luminary Blvd and Tamiami Trail in Osprey, FL

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Property Highlights

Price
$7,499,000
Property Type
Commercial Sale
Property Sub Type
Office
Living Area
4,000
Price / Sq Ft
$1,875
Acres
10.01
Year Built
2015

Location

Area
34229 - Osprey
County
Sarasota
Zoning
OPI

Property Details

Price
$7,499,000
Property Sub Type
Office
Property Type
Commercial Sale

Building

Stories
1
Total Area
4,000

Interior Features

Area and Spaces

Living Area
4,000

Building Details

Construction

Foundations
Block
Year Built
2015

Materials

Construction Materials
Concrete

Terms

Terms

Ownership
Sole Proprietor
Special Conditions
None

Taxes

Tax

Tax (Annual)
$24,046

Heating, Cooling & Utilities

Cooling Features
None

Lot

Acres
10.01
Lot Size Area Sq Ft
435,904
Listed by American Property Group, 941-923-0535.
Listing Data last updated 07/15/2024 02:48 PM
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All estimates and provided for informational purposes only. Actual amounts may vary. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. Information, rates, programs and loan scenarios shown are for example only as of 19-Jul-2024 and are subject to change without notice. All products are subject to credit and property approval. Not all products are available in all states or for all loan amounts. Other restrictions and limitations apply. Contact your preferred lender for the pricing associated with your specific transaction. Calculations are generated by open source mortgage calculation software tools using common mathematical formulas. Copyright © 2024 Buying Buddy. All calculations should be independantly verified.
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Property History

7 days ago
Property information last updated
8 days ago
Status Active. This is the date the listing was placed on market.
NOTE: Cumulative Days on Market: 8. Data provided by the MLS.

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Listings courtesy of Stellar MLS as distributed by MLS GRID. IDX information is provided exclusively for consumers' personal non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of 07/15/2024 02:48 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
Listing Data last updated: 07/15/2024 02:48 PM
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