Overview
Highway Frontage Development Opportunity
This offering presents an opportunity to acquire two adjacent parcels totaling 2.58 acres (112,459 SF) with 488 feet of frontage on Tamiami Trail/ US 41. The first parcel, comprising lots 1B, 2B, 3B, and 4B, is currently used for multi-family residential purposes, featuring 10 units across four buildings. Building 1, constructed in 1957, is a 2,623 SF pentaplex with five units, built with block and stucco exterior, slab foundation, and composition roll roof. Building 2, also built in 1957, is a 1,534 SF quadraplex with four units, featuring a metal frame, wood frame, block, and stucco exterior, and a composition roll roof. Building 3, built in 1957, is a 1,169 SF duplex with two units, featuring a wood frame and siding exterior, and a composition shingle roof. Building 4, built in 1957, is a 1,400 SF shed. The property includes a chain link fence and concrete paving. The second parcel, lot 5B, is vacant commercial land with 100 feet of lake frontage at the rear. Lot 4B and part of 3B also front the lake for an additional 130 feet, totaling 230 feet of lake frontage. The combined property offers high visibility due to its highway frontage and is located 10 minutes from Punta Gorda Airport and 10 minutes from downtown Punta Gorda's amenities, including shopping, dining, medical facilities, waterfront parks, boat ramps, fishing piers, walking and biking paths, art galleries, Fishermen's Village, farmers markets, and the Charlotte Harbor Event Center. The zoning is CG (Commercial General).
