Re-Development Opportunity

Vacant Land for Sale
Sale Pending/Contingent
Catylist Listing ID: 30611757
Property Subtypes: Retail, Other
Status: Pending/Contingent
Gross Land Area: 3.59 Acres
Sale Price: $2,190,000
Unit Price: $610,027 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/28/2021

Overview / Comments

This prime piece of property is on a signalized intersection & is on a main traffic route adjacent to Tamiami Trail. It is zoned CG(Commercial General) has 3.59 acres of land that can be subdivided. There is a hotel feasibility study available to buyers.This commercial lot is located in the center of the Murdock retail, medical governmental and light industrial facilities. The lot is less than one mile east of the Simon Properties Town Center Regional Mall. Port Charlotte Marketplace is on the adjacent intersection with Sketchers, Burlington, HomeGoods & Ross. Exit 179 off of Interstate -75 that is 5 miles to the north. Cochran Blvd is a connector between Veterans Blvd & Tamiami Trail. Traffic counts on Cochran are over 16,000 with Veterans over 20,000 & Tamiami Trail of over 50,000. Please see attached Traffic Count Map for more detail.

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402208176002
Zoning: CG
Legal Description: 8 40 22 P-1-17-5 3.553 AC. M/L COMM AT W 1/4 COR SEC 8 TH E 1313.85 FT N 30 FT E 53.01 FT FOR POB TH CONT E 259 .07 FT N 133.27 FT E 152.21 FT N ALG W ROW TOLEDO BLADE BLVD 292.95 FT W 410 FT S 425 FT TO POB 1578/330 E1578/334&342 E1657/1130 E1682/912 E1761/1759 3540/268 3631/1959

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,092 45,286 88,179
Median Age: 52.33 46.71 46.71
Households: 2,911 19,178 36,921


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