5274 Duncan Rd Punta Gorda, FL 33982

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.