Approved Development Site in Punta
For Sale
Contact for pricing
Pending
5274 Duncan Rd, Punta Gorda, FL 33982
Approved 200-unit adult living facility development site in Punta Gorda.
Property SizeContact for details
Days on Market1530
Property Features for 5274 Duncan Rd
General Information
Standard status
Pending
Property subtype
Land
Zoning
General Commercial
Listing Agency:
Compass
(561) 232-7899
Listed By:
Brad Kuskin · License #BK3333122
Source:
Crexi
Added: Jun 17, 2022
Changed: Aug 8
Last Checked: Aug 23 at 8:29AM
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 Compass
Investment Insights
Based on property information with market context.
This is a fully approved development site for a 200-unit adult living facility in the Punta Gorda region of Southwest Florida. The site is located along the Duncan Road corridor, which features a mix of nonresidential and residential uses. The location is supported by commercial and residential developments, making it suitable for a high-density residential project. The parcel is situated 1.5 miles north of the Punta Gorda Airport and is near major retailers and the harbor area of the Punta Gorda submarket. The project, approved for 200 units within 140,000 square feet, received final sign-offs in late 2021, with permitting pending for onsite construction. The location provides access to Southwest Florida's major metropolitan markets, presenting an opportunity to develop a congregated living facility in a Florida market with a limited supply of senior living facilities. Approvals allow for various congregated living facility services, enabling a developer to position the asset as independent living, assisted living, memory care, senior apartments, or a combination thereof. The site is less than 25 miles from downtown Ft. Myers and equidistant from Naples and Sarasota. The site is fully approved and entitled, delivered with all engineering, architectural, and environmental work needed to start construction within 90 days.
Key Highlights
- Fully approved development site for a 200‑unit adult living facility, ready for construction commencement within 90 days.
- Located in the high‑growth Punta Gorda region of Southwest Florida, a market with a short supply of senior living facilities and skyrocketing rent prices.
- Current approvals allow for flexible positioning as independent living, assisted living, memory care, senior apartments, or any combination thereof.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Explore this area
Business Placement
Demographics for 33982, FL
12,404
Population
6,091
Households
2
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
407.1 sq mi
ZIP Area
30
Density / Sq Mi
$68,514
Median Household Income
$43,964
Median Earnings
$1,104
Median Rent
$285,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Approved 200-unit adult living facility development site in Punta Gorda.
Where is this commercial land located?
The property is located at 5274 Duncan Rd Punta Gorda, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Fully approved development site for a 200‑unit adult living facility, ready for construction commencement within 90 days.; Located in the high‑growth Punta Gorda region of Southwest Florida, a market with a short supply of senior living facilities and skyrocketing rent prices.; Current approvals allow for flexible positioning as independent living, assisted living, memory care, senior apartments, or any combination thereof.
