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    Hillsborough Blvd Port Charlotte, FL 34288

    For Sale
    $1,450,000

    17.56 Acres, RSF2 Zoning, Water Frontage

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 17.56-acre parcel presents a remarkable opportunity for residential development in the thriving city of North Port, Florida. Located on East Hillsborough Boulevard, this property boasts 764,913 square feet of land and offers significant potential. The RSF2 zoning permits a density of 3.5 homes per acre, allowing for the creation of approximately 61 residential lots. The property's strategic location provides convenient access to major roadways, including I-75 and Toledo Blade Boulevard, as well as the bustling Tamiami Trail. Adding to its appeal, the land features desirable water frontage on a creek. The surrounding area is experiencing robust growth, with numerous new apartment complexes, office buildings, and retail spaces recently constructed. The ongoing development of single-family homes to the east and north further enhances the property's value and potential for future appreciation. The property's APN is 1142-25-7537. This is a rare opportunity to acquire a large, well-located residential development site in a rapidly expanding market. The asking price is $1,450,000.

    Property Features for 0 Hillsborough Blvd

    General Information

    Property type
    Land
    Lot Size
    764,914 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Port Charlotte
    County
    Charlotte
    State
    Florida
    Longitude
    -82.1333097
    Latitude
    27.0325963

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    FAQs

    What type of property is this?
    Land - 17.56 Acres, RSF2 Zoning, Water Frontage
    Where is this land located?
    The property is located at Hillsborough Blvd Port Charlotte, FL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    (941) 724-2321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Hillsborough Blvd Port Charlotte, FL 34288
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