REAL Exclusive Magazine

Major Price Reduction On Spanish Pointe Parcel.

At Spanish Pointe $8,450,000 gets you:

A parcel located on the west side of US41, the south side of West Bay Street, the north side of Bayview Drive and on the east shore of Little Sarasota Bay in Osprey Florida. The property (land area of 5.48 acres) has a frontage of approximately 300+ feet on US41 Zoned CG, 600 feet on the south side of West Bay Street and 200+ feet on Little Sarasota Bay.

The subject property is in an area that shows consistent demand over the past several years and it is a great area where commercial development is steady. The location on Little Sarasota Bay is very scenic and unique, nowhere in the county can you find the possibility of a boat access restaurant with over 30 slips for their patrons, a definite enhancement to this land.

The property has a commercial restaurant directly on Sarasota Bay known as Spanish Pointe Marina and Restaurant. It was built in 1957 and keeps the “Old Florida Feel” offering spectacular water and sunset views on The Bay and Casey Key. Recently remodeled with 936 sq ft of inside seating, bar and kitchen. A new enlarged open wooden deck with a Tiki hunt was added in September 2010. The result of these improvements is a better profit margin for the restaurant with gross sales over $1.1 million annually.

To receive the property package please contact Daniel Matusiak, Action Realty of Sarasota, (941) 504-7618. To view MLS information click HERE.