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505 Luminary Blvd
For Sale $7,499,000 ($1,874.75 per Sq Ft)
$7,499,000 ($1,874.75 per Sq Ft)
- Units
- 4,000 Sq Ft
- 435,904 Sq Ft
- Unknown Cap Rate
Description
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
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $7,499,000 |
| Property Type | Office |
| Usable Sqft | 4,000 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 2015 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 0155130024 |
| MLS # | A4616676 |
| Property ID | 320654831 |
| Lot Sqft | 435,904 |
| Zoning | OPI |
| Days on Market | 725 |
| Original List Price | $7,499,000 |
| Date Updated | August 28, 2025 |
| Date Created | July 10, 2024 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Leslye Seidel an agent of AMERICAN PROPERTY GROUP. Lic #0495047
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of August 28, 2025 The information being provided is 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.
Robert Crawford
REAL ESTATE AGENT