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    5274 Duncan Rd Punta Gorda, FL 33982

    For Sale
    $3,150,000

    Approved 200-unit CLF/ALF site, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 4.77-acre commercial and residential land parcel in Punta Gorda, Florida (APN 402334430002), presents a fully approved opportunity to develop a 200-unit congregate living facility (CLF) or assisted living facility (ALF). Located at 5274 Duncan Rd, 33982, this fee-simple property boasts a prime location, just 1.5 miles from Punta Gorda Airport and near major retailers and the harbor. The site is zoned for general commercial use and benefits from a completed, two-year entitlement process finalized in late 2021, with permitting pending for immediate construction commencement. The approved project encompasses 140,000 square feet and offers flexibility in unit allocation, allowing for independent living, assisted living, memory care, or any combination. This development capitalizes on the high demand and low supply of senior housing in Southwest Florida, with rent prices increasing significantly in recent quarters. The property's proximity to major metropolitan areas like Fort Myers, Naples, and Sarasota, coupled with Charlotte County's attractive appeal to commuters, ensures a strong market position. All engineering, architectural, and environmental work is complete, enabling a construction start within 90 days. The seller will consider joint venture opportunities or delivering a fully built facility to qualified operators. The asking price is $3,150,000.

    Property Features for 5274 Duncan Rd

    General Information

    Property type
    Land
    Lot Size
    207,781 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Cleveland RV and Boat ... Boat Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -81.994340107071
    Latitude
    26.953988926136

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    FAQs

    What type of property is this?
    Land - Approved 200-unit CLF/ALF site, prime location.
    Where is this 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 $3,150,000.
    (561) 232-7899
    Request Owner's contact information
    5274 Duncan Rd Punta Gorda, FL 33982
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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
    5274 Duncan Rd Punta Gorda, FL 33982
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