Multifamily Site

Vacant Land for Sale
Sale Pending
Catylist Listing ID: 30606715
Property Subtypes: Multi-Family
Status: Pending
Gross Land Area: 31.27 Acres
Sale Price: $4,500,000
Unit Price: $143,907 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/21/2022

Overview / Comments

The Development of Regional Impact (DRI) this property is located in permits up to 390 multifamily units. Rapidly growing area with major employers such as Publix and a Super Walmart in close proximity. I-75 access just minutes from the subject. Large lake along the northern half of the property offers open water views. Electric, Water and Sewer stubbed to the site. Preliminary plans available for 288 units.

Attachments & Media

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402306476003
Property Located Between: Punta Gorda/Ft Myers and North Port Sarasota
Property Visibility: Excellent
Largest Nearby Street: I-75
Traffic/Vehicle Count: 80,000
Highway Access: Kings Highway to I-75
Airports: Punta Gorda
Site Description: Mostly raw with some trees.
Area Description: Ideally situated off Kings Highway and I-75. Surrounded by retail and residential development.Easy Access to Sarasota to the north and Punta Gorda and Ft Myers to the south.
Zoning Description: PD - DRI allows up to 320 multifamily units
Topography: Level
Easements: Utilities
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer, Storm Drain, Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,899 38,884 77,025
Median Age: 55.41 50.68 49.42
Households: 3,211 16,892 33,552


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