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11-Unit Apartment Property with Lakefront
For Sale
$1,400,000

11059 Tamiami Trail, Punta Gorda, FL 33955

CG-zoned assemblage combines multifamily buildings with vacant commercial land.

Property SizeContact for details
Lot Size2.58 Acres
Days on Market1437

Property Features for 11059 Tamiami Trail

General Information

Standard status Active
Lot size 2.58 Acres
Property subtype Commercial Sale / Multi-Family
Zoning CG

Site & Location

Road Frontage 488 ft
Highway Access Yes
Road Access Yes
Fenced Yard Yes

Additional Details

Land Use multi-family, vacant commercial
Multifamily Units 11

Taxes and HOA fees

Annual Taxes $14,445

Amenities

chain link fence
concrete paving
lake frontage
No
Square Feet
Shingle
488
Slab
Lake
230
Block, Metal Frame, Stucco, Vinyl Siding, Wood Frame

Building Details

Year Built 1957
Buildings 4
Stories 1
Listing Agency: RE/MAX ALLIANCE GROUP
Listed By: Gerald Hayes · License #625093
Source: Compass
Added: Sep 25, 2022 Changed: Aug 31 Last Checked: Aug 31 at 12:05AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX ALLIANCE GROUP

Investment Insights

Based on property information with market context.

This apartment property includes three residential buildings totaling 11 units, plus a separate shed, on the developed parcel. The improvements date to 1957 and include a five-unit building, a four-unit building, and a two-unit building, all configured as single-story structures. Construction materials include block, stucco, wood, metal framing, siding, and composition roofing. The site also features slab foundations, chain-link fencing, and concrete paving; central air conditioning is not present in the residential buildings.

The adjoining parcel is vacant commercial land, creating a combined 2.58-acre assemblage with 112,459 SF of area. CG zoning applies to the property. The combined frontage along Tamiami Trail / US 41 measures 488 feet. Lake frontage totals 230 feet, including 100 feet along the vacant parcel and additional frontage associated with the developed parcel. Punta Gorda Airport and historic downtown Punta Gorda are each approximately 10 minutes away.

Key Highlights

  • 11 total units across a pentaplex, quadraplex, and duplex
  • Combined 2.58‑acre site with 112,459 SF of land area
  • 488 feet of frontage along Tamiami Trail / US 41

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Spa & Massage Center Parking Lot & Garage Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

110
Businesses Nearby

Demographics for 33955, FL

10,071
Population
6,872
Households
1.5
Avg Household Size
63
Median Age
31%
College-Educated
90%
High-School Grad
78.4 sq mi
ZIP Area
128
Density / Sq Mi
$76,733
Median Household Income
$38,971
Median Earnings
$1,559
Median Rent
$321,500
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - CG-zoned assemblage combines multifamily buildings with vacant commercial land.
Where is this apartment building located?
The property is located at 11059 Tamiami Trail Punta Gorda, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 11 total units across a pentaplex, quadraplex, and duplex; Combined 2.58‑acre site with 112,459 SF of land area; 488 feet of frontage along Tamiami Trail / US 41
More about this property
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