Land - Real Estate in Punta Gorda
Listing Price: $495,000
Description of Property
This 2.25-acre parcel presents a fantastic investment opportunity, offering the potential for substantial returns. With a density allowance for 9 multi-family units, this property is ideal for residential development. Additionally, the adjacent property is zoned CG (Commercial General), suggesting the possibility of re-zoning this parcel to commercial use, offering even more flexibility in the type of development you could pursue. Previously used for mobile homes before Hurricane Charley, the property is likely to have impact fees already paid, which represents a significant savings on development costs. This is an important factor in reducing upfront expenses and streamlining the development process. The land is already cleared, making it ready for immediate development, and is served by county water. Sewer access is within a short distance on Florida Street, which further enhances its attractiveness for development. With great exposure from Duncan Road (US 17), the location offers close proximity to downtown Punta Gorda and easy access to I-75, making it a prime spot for residential or commercial development, depending on zoning changes. This is a highly desirable area for both residential and commercial projects, adding even more potential value to the property. This parcel is an excellent opportunity for developers looking to take advantage of a prime location with pre-existing infrastructure and possible zoning flexibility.
Property Details At A Glance
Property Type: Land
City: Punta Gorda
County: Charlotte
Subdivision: Pineapple Terrace
Annual Tax: $2,215
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Sewer: Septic Needed
Water Source: Public
Lot Information
Lot Features: Cleared
Lot Size (acres): 2.25
Lot Size (sq. ft.): 97,829 square feet
Lot Dimensions: 00 x 00
Road Frontage: County Road
Current Adjacent Use: Residential
Additional Parcels: Yes
Additional Parcels Description: 412305427001,412305426001,412305426002,412305426003
Legal Description & Other Information
Financing Available: Conventional
Parcel Number: 412305427004
Zoning: MHC
Tax Legal Desc.: PIT 000 0000 0128 LEGAL DESCRIPTION:LOT 128 THROUGH 135, INCLUSIVE, AND LOTS 142 THROUGH 149, PIT 000 000 0150 PINEAPPLE TE RR 150, 151, 152 AND 153, PIT 000 0000 0154 PINEAPPLE TE LTS 154, 155, &W/LY 12.67 FT OF LT 156 AKA TR 1, PIT 000 0000 0156 PINEAPPLE TERRACE LT 156 LESS W/LY 12.67F & ALL LTS 157, 158, 7 W/LY 7.52 FT LT 159 & ALL LTS 162-164 PIT 000 0000 0159 PINEAPPLE TERRACE LT 159 LESS W/LY 7.52 FT & ALL LTS 160, 161 LYING SOUTHERLY OF STATE ROAD 35 U.S. 17,
Section: 5
Range: 23E
Listing courtesy of BARNES & PHILLIPS REAL ESTATE. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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