Development Opportunity in Growth Path

Vacant Land for Sale
Catylist Listing ID: 30662955
Property Subtypes: Office, Retail
Gross Land Area: 1.55 Acres
Sale Price: $365,250
Unit Price: $235,645 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/19/2021

Overview / Comments

1.55 Acres with 250' of frontage on southbound US Hwy 41 (Tamiami Trail) in north Charlotte County is directly in the path of tremendous growth. North Port which is the most populated city in Sarasota County is about 1.2 miles north of this site and at the border between Sarasota and Charlotte Counties is one of the largest KIA dealerships in the country which was completed just a few years ago. Directly behind this property is West Port which is a residential development of approximately 2,000 planned units which will include an entertainment district which is expected to include a water park and a number of other venues. Dirt is being turned with roads and utilities being installed. In order for this development to take place, Charlotte County widened US 41 in front of this property and installed access to public water and sewer. This property sits between two MLB spring training facilities. Tamp Bay Rays are to the south in Charlotte County while the Atlanta Braves recently relocated to a new facility in North Port.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Taxing Authority: Charlotte County
Tax ID/APN: 402111201003
Property Located Between: Port Charlotte and North Port
Property Visibility: Excellent
Legal Description: Port Charlotte SEC35 BLK1271 LTS 2,3,4,31-35
Largest Nearby Street: West Port Blvd
Feet of Frontage: 250
Traffic/Vehicle Count: 31,500
Highway Access: direct frontage
Airports: Punta Gorda Community Airport, Sarasota International & RSW International
Lot Frontage: 250
Lot Depth: 255
Zoning Description: Commercial General
Topography: Level
Soil Type: Sandy
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 807 30,332 89,675
Median Age: 44.09 46.84 46.25
Households: 301 12,553 37,572


Photograph of Listing Agent

James Quinn

MFCRE Member
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