22901 Bayshore Rd.

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30732805
Property Subtypes: Multi-Family
Status: Pending/Contingent
Gross Land Area: 8.50 Acres
Sale Price: $4,500,000
Unit Price: $529,411 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/28/2022

Overview / Comments

The areas natural attractiveness to retirees and single-family homeowners plays a large role in the development of apartments in the metro. The metros population continues to grow at an impressive rate, probably with retirees relocating to an income-tax-free, warm-weather environment.

Rent growth has remained strong due to a complete lack of supply. This location would be ideal for Multi Family development or ALF development. The proximity to the Beach, Parks, Shopping combines with the areas excellent access to health care and hospitals offer an almost unmatched advantage for this property.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 4022226476001
Zoning: CHMU
Largest Nearby Street: Us 41 & I-75
Traffic/Vehicle Count: 4,300
Airports: PGPC Airport
Site Description: Approximately 8.5 Acres of wooded land zoned CHMU. CHMU zoning allows 15 DU per acre. Over 1095 feet of frontage on Bayshore. The combination of an ideal location with a broad zoning classification make this property ideal for a variety of development strategies.
Area Description: 8.5 Acres zoned Multi Family Mixed Use entitled for 157 Units MOL. Harbor views at three stories and above. Special exception allows 8 stories and additional DU's.
Lot Frontage: 1083.0
Lot Depth: 498.0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,496 33,952 90,589
Median Age: 56.43 53.48 53.21
Households: 2,166 15,982 41,507
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