Water View Hotel or Multi Family

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30023737
Property Subtypes: Hospitality, Multi-Family
Status: Pending/Contingent
Gross Land Area: 2.76 Acres
Sale Price: $3,500,000
Unit Price: $1,268,115 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/22/2017

Overview / Comments

Complete block consisting of 8 lots. Located close to the Peace River and newly constructed waterfront County park and fishing pier. Three small motels and restaurant in the same area. Best use would include multifamily condo development or hotel/hospitality development.
Close to Rte 41, medical facilities, restaurants and retail stores.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402236129001
Zoning: CR 3.5
Property Located Between: Charlotte Harbor & US 41
Property Visibility: Fair
Legal Description: CHR 000 0012 0003; CHR 000 0012 0007; CHR 000 0012 0001
Largest Nearby Street: TAMIAMI TRAIL
Feet of Frontage: 486
Highway Access: I 75 10 MINUTES EAST
Site Description: Water view. Treed.
Area Description: Close to Rte 41, medical facilities, restaurants and retail stores.
Lot Frontage: 486
Lot Depth: 729
Zoning Description: CR 3.5
Topography: Level
Soil Type: Mixed
Available Utilities: Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,112 37,461 94,367
Median Age: 62.1 54 53.37
Households: 1,574 17,778 43,280


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