Property Description

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.