Corner Lot on US41 - Murdock Village "Gateway" Parcel

Vacant Land for Sale
Catylist Listing ID: 30191873
Property Subtypes: Hospitality, Office, Retail, Other
Gross Land Area: 0.83 Acres
Sale Price: $399,000
Unit Price: $480,722 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/10/2018

Overview / Comments

INVESTORS TAKE NOTE! Prime investment piece at the "Gateway" to the Murdock Village Redevelopment Area, a +/-452 acre development project include both commercial and residential development along the US41 corridor and surrounding lands. Proposed site plans include sport and entertainment complexes, hotels, restaurants and others. This property sits at the "Gateway" to this area and is in prime position for stand alone commercial development or other development opportunities (see attached Conceptual Master Plan). Other touted developments include "Project Hills", with plans to create an Entertainment District with outdoor and indoor recreational activities, minutes from this location!

"On November 8, 2016 the Murdock Village CRA and the Charlotte County Board of County Commissioners approved an Agreement for Sale and Purchase with Private Equity Group, LLC (PEG) for 452 acres of property in the Murdock Village Community Redevelopment Area. The agreement puts in motion a development that is projected to create up to 2,400 residential units, 200,000 square feet of retail and commercial space and a 150-room hotel. Studies conducted by the County’s consultant and PEG projected nearly $92 million in annual economic impacts from jobs created and economic activity. " - From Charlotte County MVCRA website

Includes 4 parcels, 3 of which front Tamiami Trail at +/-134' including a corner piece at Tamiami Trail and Stratford Dr. 4th parcel is +/-10,375sf located in the rear, with access from Franklin Dr.

PRICED TO SELL! Take advantage of this excellent opportunity, as it is a prime investment piece.

THIS IS AN AMAZING DEAL!
****Owner will consider selling the 3 lots along U.S.41 separately. Contact listing agent for more information.***

Additional Details

Nearest MSA: Punta Gorda
County: Charlotte
Tax ID/APN: 402111127003
Zoning: CG, COMMERCIAL GENERAL
Property Located Between: Stratford Dr. and Chamberlain Blvd.
Property Visibility: Excellent
Largest Nearby Street: Tamiami Trail
Feet of Frontage: 134
Highway Access: Direct access to US41
Lot Frontage: 134
Zoning Description: CG, Commercial General

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,396 31,404 93,549
Median Age: 45.75 47.51 46
Households: 965 13,092 38,905

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