REDUCED! SELLER MOTIVATED! Multi family property.

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 29948373
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 1.68 Acres
Sale Price: $229,000
Unit Price: $136,309 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2017

Overview / Comments

Zoned Multi-Family, this would be a great place for apartments. Chose condos and this property is essentially ready to begin construction. Plans and permits would have to be updated. Infrastructure in place and the pool is constructed and in operation. Drawings complete for two multi-family condominiums buildings that would allow for 26 additional units. Zoning code GM-15. The condominium association for the adjacent property (Phase 1) is active and would possibly be willing to merge to create one active association.
A great opportunity for a developer or investor with the groundwork completed.

Attachments & Media

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 412328478002
Property Located Between: Port Charlotte and Fort Myers
Property Visibility: Excellent
Legal Description: PUNTA GORDA ISLES SEC18 BLK378 LOTS 55 56 57 58 1.68 AC M/L 637/1662-1673 814/1329 817/1042 997/49 1006/17 1014/106 1014/109 1058/1815 1229/21 CT1383/1460 1388/1540 1664/725 2157/1231 2157/1275 2157/1305 2158/786 2164/1132 2164/1133 2299/1662 2299/1664 2675/1369 E2905/1129
Largest Nearby Street: US 41 (Tamiami Trail)
Airports: Ft. Myers, Sarasota, Punta Gorda airports
Area Description: Located in Charlotte County between Port Charlotte and Cape Coral, Florida. After being almost devastated by Hurricane Charlie in August 2004, the community elected to take the opportunity to rebuild both infrastructure and to feature its large expanse of waterfront property. The community' s quaint downtown area with a fusion of Old Florida, classical and contemporary architecture, gardens, waterfront parks, landscaped walkways and great local restaurants and offices offer the diversification of its northern neighbor Sarasota. There has been a substantial investment in parks and trails, a conference center, schools, , golf courses and other amenities to support a variety of life styles and business-related activities.
Zoning Description: GM-15

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,778 10,909 28,936
Median Age: 60.37 61.25 59.28
Households: 1,323 5,384 14,028
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