15 Acres Zoned RMF 15 and 100% Shovel Ready

Vacant Land for Sale
Catylist Listing ID: 30666230
Property Subtypes: Multi-Family
Gross Land Area: 15 Acres
Sale Price: $1,100,000
Unit Price: $73,333 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/12/2020

Overview / Comments

Located on Burnt Store Rd, a main traffic artery between Cape Coral and Punta Gorda, this property is ideally located for families. This growing area is highly desirable. The location provides easy access to Cape Corals downtown, Pine Island and Matlache, and Fort Myers.

Located just over the Charlotte County line it also provides the benefit of a Punta Gorda Address, Charlotte County taxes and infrastructure.

Three parcels totaling 15 acres and zoned RMF 15. The property has been platted and brought to a shovel ready condition. Includes utilities, roadways, fill and 84 pre platted town homes with legal addresses. In addition the club house is in place.

Priced at just $13,000 a door for shovel ready platted lots this is an exceptional opportunity.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 422330435001
Zoning: RMF 15
Property Located Between: Punta Gorda and Cape Coral
Property Visibility: Good
Legal Description: PGI 021 0000 00TAN PUNTA GORDA ISLES SEC 21 TRACT A 11.40 AC M/L THAT PART OF TRACT A LYING NORTH OF SUNSET PALMS PHASE 1 1229/21 1394/1896&98 1395/435 1567/997 1743/231 2349/1378 2349/1386 RES2597/1396 RES2861/303 E2864/254 REL3062/476 E3099/1068 E3149/1318 E3244/594 E3310/1852 CT3552/1198 3620/1524 E3755/1 4142/1535
Largest Nearby Street: Burnt Store Rd
Airports: Punta Gorda Airport (PGD), Sarasota Airport (SRQ), Fort Myers International (RSW)
Site Description: The average rental rates in the market area are between $1.10 and $1.48 per Sq. Ft. making the per door price for rentals. Villa and Town Home Comps in the area vary between $112/SF and $246/SF. The newer product is selling at an average about $250,000 for 2100 SF or $120/SF. New Product is lacking and the existing comps make the property price per door very attractive for build ready lots. The property has the availability of a Club House in place. It comprises three parcels totaling 15 acres and zoned RMF 15. The property has been platted and brought to a shovel ready condition. Includes utilities, roadways, fill and 84 pre platted town homes with legal addresses.
Zoning Description: Residential Multifamily 15 Units Per Acre
Development Name: Punta Gorda Isles
In Flood Plain?: Yes
Topography: Level

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,761 8,669
Median Age: 68.87 62.27
Households: 1,530 4,429
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