Approved Development Site in Punta
5274 Duncan Rd, Punta Gorda, FL 33982
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Approved 200-unit adult living facility development site in Punta Gorda.
Type:Land
- Added:
- Jun 17, 2022
- Days on Market:
- 1426
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 5274 Duncan Rd
General Information
- Standard status
- Active
- Property subtype
- Land
Listing agent Brad Kuskin License #BK3333122
Listing office Compass (561) 232-7899
Listing date Jun 17, 2022
Source Crexi
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
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.
- Strategically located near Punta Gorda Airport, major retailers, and the thriving harbor area.
- Proximity to major metropolitan markets in Southwest Florida, including Ft. Myers, Naples, and Sarasota.
- Ownership will consider JV opportunities and/or deliver fully built for qualified operators.
Overview
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.
Location Intelligence
Current Use by Public Records
Cleveland RV and Boat ...
Storage Facility
Location Insight
- Map
- Local Demand
- City
- Punta Gorda
- County
- Charlotte
- State
- Florida
- Longitude
- -81.995743
- Latitude
- 26.952446
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FAQs
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.
