505 Luminary Blvd
- 10+/- Acres Zoned OPI
- 900' +/- Frontage on US41/S. Tamiami Trail
- Directly across the street from Brand New Publix
- Permitted for 46,000sf+/- of Office/Medical
- Electric, Water & Sewer in place
- Shovel Ready - Retention & Utilities in place
- Easy access to Tamiami Trail from both ends of the property
Property Description
American Property Group of Sarasota, Inc. presents 505 Luminary Blvd, Osprey, Sarasota Property Type: Commercial Land with Existing Office Building Property Size: 10+/- Acres Property Features: This offering consists of approximately 10± acres currently zoned OPI (Office, Professional, and Institutional), which permits a wide range of uses including educational facilities, medical and professional office, and assisted living, among others. The property has approved entitlements for up to approximately 46,000± square feet across 12 buildings, and it also qualifies under the Live Local Act, allowing for multifamily development of approximately 200 units, subject to final design and compliance. The site is substantially prepared for development, with stormwater infrastructure already in place and dual access points from Habitat Boulevard to the north and Luminary Boulevard to the south. Additionally, the property features approximately 914 linear feet of frontage along US-41 (Tamiami Trail), providing exceptional visibility and accessibility. Situated on the property is an existing 4,000± square foot freestanding office building, currently in shell condition with an exposed slab, allowing for efficient customization, including the installation of plumbing, restrooms, and interior build-out tailored to end-user or tenant requirements. This represents one of the last remaining large-scale development parcels with direct Tamiami Trail frontage in Sarasota County, positioned squarely in the path of continued regional growth and development.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Land/Development |
| Price: | $6,999,000 |
| Lot Size: | 10.00 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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