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    650 Clemens Ave Punta Gorda, FL 33950

    For Sale
    $1,900,000

    3.57 Acres, 53 Units Approved, Seller Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 3.57-acre parcel in Punta Gorda, Florida, presents a remarkable opportunity for multifamily development. Approved for 53 residential units under RMF15 zoning, this land is ready for immediate construction. The property's prime location offers convenient access to a wealth of amenities, including proximity to downtown Punta Gorda, local schools, a community pool, athletic fields, and the Charlotte County Arts Center. Furthermore, its strategic position places it just two miles from Florida SouthWestern State College and downtown Punta Gorda, and within a short three-and-a-half-mile radius of Punta Gorda Airport and four miles from the Sun Seeker Resort. The asking price is $1,900,000. Attractive seller financing is available, featuring a 25% down payment and a 5.5% interest-only loan amortized over three years. Detailed Development Review Committee (DRC) approval documentation is available upon request. This is an exceptional investment opportunity in a thriving Florida community. The property is located at 650 Clemens Ave, Punta Gorda, FL 33950, in Charlotte County.

    Property Features for 650 Clemens Ave

    General Information

    Property type
    Land
    Lot Size
    155,509 SF

    HighLights

    • 3.57‑acre multifamily development site in Punta Gorda, FL, approved for 53 units under RMF15 zoning.
    • Prime location near downtown Punta Gorda, schools, community pool, athletic fields, and Charlotte County Arts Center.
    • Two miles from Florida SouthWestern State College and downtown Punta Gorda.
    • 3.5 miles from Punta Gorda Airport and four miles from Sun Seeker Resort.
    • $1,900,000 asking price with seller financing available (25% down, 5.5% interest‑only loan, 3‑year amortization).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.03700985692
    Latitude
    26.933548567624

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    FAQs

    What type of property is this?
    Land - 3.57 Acres, 53 Units Approved, Seller Financing
    Where is this land located?
    The property is located at 650 Clemens Ave Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 3.57-acre multifamily development site in Punta Gorda, FL, approved for 53 units under RMF15 zoning.; Prime location near downtown Punta Gorda, schools, community pool, athletic fields, and Charlotte County Arts Center.; Two miles from Florida SouthWestern State College and downtown Punta Gorda.
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    650 Clemens Ave Punta Gorda, FL 33950
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    Punta Gorda, FL 33950
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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
    650 Clemens Ave Punta Gorda, FL 33950
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