This 2.25 acre parcel presents a fantastic investment opportunity, offering the potential for substantial returns. With a density allowance for 9 multi family units, this property is ideal for residential development. Additionally, the adjacent property is zoned CG (Commercial General), suggesting the possibility of re zoning this parcel to commercial use, offering even more flexibility in the type of development you could pursue.
Previously used for mobile homes before Hurricane Charley, the property is likely to have impact fees already paid, which represents a significant savings on development costs. This is an important factor in reducing upfront expenses and streamlining the development process. The land is already cleared, making it ready for immediate development, and is served by county water. Sewer access is within a short distance on Florida Street, which further enhances its attractiveness for development.
With great exposure from Duncan Road (US 17), the location offers close proximity to downtown Punta Gorda and easy access to I 75, making it a prime spot for residential or commercial development, depending on zoning changes. This is a highly desirable area for both residential and commercial projects, adding even more potential value to the property. This parcel is an excellent opportunity for developers looking to take advantage of a prime location with pre existing infrastructure and possible zoning flexibility.
This 2.25 acre parcel presents a fantastic investment opportunity, offering the potential for substantial returns. With a density allowance for 9 multi family units, this property is ideal for residential development. Additionally, the adjacent property is zoned CG (Commercial General), suggesting the possibility of re zoning this parcel to commercial use, offering even more flexibility in the type of development you could pursue.
Previously used for mobile homes before Hurricane Charley, the property is likely to have impact fees already paid, which represents a significant savings on development costs. This is an important factor in reducing upfront expenses and streamlining the development process. The land is already cleared, making it ready for immediate development, and is served by county water. Sewer access is within a short distance on Florida Street, which further enhances its attractiveness for development.
With great exposure from Duncan Road (US 17), the location offers close proximity to downtown Punta Gorda and easy access to I 75, making it a prime spot for residential or commercial development, depending on zoning changes. This is a highly desirable area for both residential and commercial projects, adding even more potential value to the property. This parcel is an excellent opportunity for developers looking to take advantage of a prime location with pre existing infrastructure and possible zoning flexibility.
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Land Information
Lot Features: Cleared
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Road Frontage Type: County Road
Sewer: Septic Needed
Utilities: Electricity Available, Sewer Nearby, Water Available
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2024
Other Features
Country: US
Current Use: Residential
Legal Description: PIT 000 0000 0128 LEGAL DESCRIPTION:LOT 128 THROUGH 135, INCLUSIVE, AND LOTS 142 THROUGH 149, PIT 000 000 0150 PINEAPPLE TE RR 150, 151, 152 AND 153, PIT 000 0000 0154 PINEAPPLE TE LTS 154, 155, &W/LY 12.67 FT OF LT 156 AKA TR 1, PIT 000 0000 0156 PINEAPPLE TERRACE LT 156 LESS W/LY 12.67F & ALL LTS 157, 158, 7 W/LY 7.52 FT LT 159 & ALL LTS 162-164 PIT 000 0000 0159 PINEAPPLE TERRACE LT 159 LESS W/LY 7.52 FT & ALL LTS 160, 161 LYING SOUTHERLY OF STATE ROAD 35 U.S. 17,
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