505 LUMINARY, OSPREY, FL, 34229 — photo 1
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505 LUMINARY, OSPREY, FL, 34229

$7,499,000

4,000 Sq FtBuilt 201510.01 Acres

About This Property

Property Type: Commercial Land with Existing Office Building Property Size: 10 Acres Discover 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 electricity Development Potential: Density for Assisted Living Facility/Memory Care at 9 units to an acre Office Space Allowable: Up to 46,000 SF of office space Prime Location: Directly across from the new Publix and adjacent to massive new developments, including shopping plazas, restaurants, apartments/condos, and single-family homes Infrastructure: Electric, water, and sewer in place, making the property shovel-ready Accessibility: Easy access to Tamiami Trail from both ends of the property with simple median cuts at Southbay Drive/Luminary Blvd Strategic Positioning: Located at the northeast side of the intersection of Luminary Blvd and Tamiami Trail in Osprey, FL

Status

Active

Listed By

AMERICAN PROPERTY GROUP

Days on Market

420

Mortgage Calculator

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Est. Monthly Payment

$44,539

30-yr fixed · 20% down · 6.875%

Principal & Interest$39,410
Property Tax (actual)$2,004
Est. Home Insurance~0.5% est.$3,125
Total / month$44,539
Loan amount$5,999,200

Estimates only — taxes and insurance are approximate. PMI rate, actual lender fees, and closing costs not included. Contact a licensed lender for a precise quote.

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MLS# e867e993dda0671b0018251be1023c0e

Location