Gulf Front Mixed-Use Development Opportunity

Vacant Land for Sale
Catylist Listing ID: 30829676
Property Subtypes: Hospitality, Office, Retail, Retail-Pad, Other
Gross Land Area: 239,108 SF
Sale Price: See Agent
Sale Terms: Undisclosed, Cash to Seller, Build-to-Suit
Cap Rate: Undisclosed
Last Updated: 5/15/2023

Overview / Comments

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.

Attachments & Media

Additional Details

Nearest MSA: North Port-Sarasota-Bradenton
County: Sarasota
Taxing Authority: Sarasota County
Tax ID/APN: 0147030024
Property Located Between: US-41 & E. Bay St.
Property Visibility: Excellent
Largest Nearby Street: US-41
Highway Access: I-75 & US-41
Airports: SRQ, Tampa International, Venice Regional
Zoning Description: CM - COMMERCIAL, MARINE
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,372 24,505 58,225
Median Age: 56.91 59.67 58.95
Households: 2,464 12,354 29,787


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