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    2150 Luther Rd Punta Gorda, FL 33983

    Sponsored
    For Sale
    $349,990

    24-Unit Potential, Prime Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.37-acre parcel in Punta Gorda, Florida, presents a lucrative multifamily investment opportunity. Located at 2150 Luther Rd, 33983, this Class A property boasts RMF10 zoning, allowing for the development of approximately 24 residential units. Currently vacant, this land offers significant upside potential for developers seeking to capitalize on the high demand for housing in this thriving area. The property's strategic location provides excellent visibility from I-75, ensuring high traffic and exposure. The asking price is $349,990, translating to an attractive price per unit of approximately $15,000. This represents a compelling entry point into the Punta Gorda real estate market. The property is zoned for mixed-use development, offering flexibility for future expansion or diversification. With its substantial lot size and prime location, this property is ideally suited for investors seeking a high-return, multifamily development project in a rapidly growing Florida market. Charlotte County location provides access to local amenities and a strong rental market. Don't miss this chance to acquire a highly desirable multifamily land parcel in a prime location.

    Property Features for 2150 Luther Rd

    General Information

    Property type
    Multifamily properties
    Class
    A
    Lot Size
    103,237 SF

    Building Details

    Units
    24

    HighLights

    • $349,990 asking price.
    • 24‑unit multifamily mixed‑use property on 2.37 acres.
    • RMF10 zoning.
    • Vacant land, priced to sell at approximately $15,000 per unit.
    • Excellent I‑75 visibility in Punta Gorda, FL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.033446
    Latitude
    26.998338

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    FAQs

    What type of property is this?
    Multifamily property - 24-Unit Potential, Prime Location
    Where is this multifamily property located?
    The property is located at 2150 Luther Rd Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $349,990.
    What are key features of this property?
    This property features: $349,990 asking price.; 24-unit multifamily mixed-use property on 2.37 acres.; RMF10 zoning.
    Request Owner's contact information
    2150 Luther Rd Punta Gorda, FL 33983
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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
    2150 Luther Rd Punta Gorda, FL 33983
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