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    925 Marion Ave Punta Gorda, FL 33950

    Sponsored
    For Sale
    $1,350,000

    1.98 acres, prime location, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.98-acre residential land parcel presents a remarkable investment opportunity in Punta Gorda, Florida. Comprising two contiguous parcels, this property boasts significant frontage along Pittman Street (420 feet), Marion Avenue (207 feet), and Olympia Avenue (204 feet), offering excellent visibility and accessibility. Zoned NE-15, the land allows for a density of 15 units per acre, permitting the development of single-family detached homes, duplexes, and multi-family dwellings. Special exceptions extend to structures up to three stories and include child care facilities. The property's strategic location within a well-established residential neighborhood, near the Military Heritage Museum, and its proximity to major transportation arteries, significantly enhance its value. It's situated just half a mile from Tamiami Trail (US 41), experiencing 28,000 vehicles daily, and three miles from Interstate 75, providing easy access to Tampa and Fort Myers. Furthermore, Punta Gorda Airport is only four miles away. The asking price for this prime development site is $1,350,000. This presents a unique chance to capitalize on the thriving Punta Gorda real estate market and create a successful residential project. The property is located in Charlotte County, Florida, with addresses at 925 W Marion Ave and 960 W Olympia Ave, Punta Gorda, FL 33950.

    Property Features for 925 Marion Ave

    General Information

    Property type
    Land
    Lot Size
    86,249 SF

    HighLights

    • 1.98‑acre site comprised of two parcels, zoned NE‑15, allowing 15 units per acre.
    • NE‑15 zoning permits single‑family detached homes, duplexes, and multi‑family dwellings; up to three stories are allowed via special exception, along with childcare facilities.
    • Excellent street frontage: 420' on Pittman St, 207' on Marion Ave, and 204' on Olympia Ave.
    • Desirable location near existing condos and single‑family homes, across from the Military Heritage Museum.
    • Convenient access to US 41 (28,000 VPD), three miles to I‑75, and four miles to Punta Gorda Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.059746481209
    Latitude
    26.928358239916

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    FAQs

    What type of property is this?
    Land - 1.98 acres, prime location, development potential.
    Where is this land located?
    The property is located at 925 Marion Ave Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: 1.98-acre site comprised of two parcels, zoned NE-15, allowing 15 units per acre.; NE-15 zoning permits single-family detached homes, duplexes, and multi-family dwellings; up to three stories are allowed via special exception, along with childcare facilities.; Excellent street frontage: 420' on Pittman St, 207' on Marion Ave, and 204' on Olympia Ave.
    (407) 557-3847
    Request Owner's contact information
    925 Marion Ave Punta Gorda, FL 33950
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    Punta Gorda, FL 33950
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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
    925 Marion Ave Punta Gorda, FL 33950
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