43 +/- Acre Multi-Family Development Site

Vacant Land for Sale
Catylist Listing ID: 28549120
Property Subtypes: Multi-Family
Gross Land Area: 43 Acres
Sale Price: $2,950,000
Unit Price: $68,604 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/30/2017

Overview / Comments

SUBSTANTIAL PRICE REDUCTION. OWNER SAYS SELL IT NOW! A beautiful, wooded 42.91 +/- acre site just east of U.S. 41 on the south side of Harper Avenue in Charlotte Harbor, (Port Charlotte) Florida. Property is bordered to the north by Harper Avenue, to the east by Mills Street (not constructed), to the west by a tidal basin and to the south lies the newer “Preserve on the Peace River” condominium project on Melbourne Street. Site is basically square with pine flatwoods and some tidal marsh areas. Total wetlands and tidal marsh areas are estimated to be 8.88 +/- acres leaving 34.0 +/- acres as an estimated net developable.

Property is currently zoned MU - Mixed Use (4.39 +/- Acres) which allows up to 15 residential units per acre, and CR-3.5, Coastal Residential (37.45 +/- Acres) which allows up to 3.5 residential units per acre. The site has approximately 2.82 +/- Acres of land designated “tidal area” which does not allow any density calculation. The remaining land would allow up to 183 units utilizing the current existing MU and CR-3.5 zonings.

• 43 +/- Acre Multi-Family Site
• 216 Existing Platted Lots plus 2 Tracts
• Current Zoning Allows for Up to 183 Units
• Close to Charlotte Harbor
• Convenient to Downtown Punta Gorda & Tamiami Trail Shopping
• Close to both Peace River and Charlotte Medical Centers
• Water views Would be Possible

Attachments & Media

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: Various, Main Parcel is 402225451001
Zoning: CR 3.5 AND MU (MIXED USE)
Property Located Between: Harper Avenue & U.S. 41
Area Description: Just east of U.S. 41 on the south side of Harper Avenue. South of Harbor View Road which is Exit 167 of I-75. Site sits in a mixed use area of single and multi-family residential, commercial, and resort uses on the north side of Charlotte Harbor on the Peace River.
Development Name: The Sanctuary

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,112 36,272 87,331
Median Age: 62.1 52.47 53.42
Households: 1,574 16,998 40,098
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