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.
|
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 |
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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