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    2420 Luther Rd Punta Gorda, FL 33983

    Sponsored
    For Sale
    $200,000

    Prime Commercial Land, Punta Gorda, FL

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    Exceptional commercial land opportunity awaits in Punta Gorda, Florida. This 42,144 square foot lot, zoned CG (Commercial General), presents versatile development potential. Located at 2420 Luther Rd, in Charlotte County, zip code 33983, this property offers convenient access to I-75, despite being approximately 99 miles from the interstate. Its strategic location within a mile of three golf clubs and surrounded by substantial residential communities ensures high visibility and strong potential for growth. The asking price is $200,000, translating to $206,720 per acre. This rapidly developing area makes this land a compelling investment for developers and investors seeking to capitalize on the increasing commercial demand in Punta Gorda. The property's size and zoning provide flexibility for a wide range of commercial uses, making it an attractive option for those looking to establish a presence in this thriving Florida market. This is a rare opportunity to acquire a well-positioned commercial lot in a high-growth area.

    Property Features for 2420 Luther Rd

    General Information

    Property type
    Land

    HighLights

    • 42,144 SF commercial lot in Punta Gorda, FL.
    • Located on Luther Rd with convenient access to I‑75 (approx. 99 miles).
    • Within one mile of three golf courses.
    • Surrounded by substantial residential communities.
    • Rapidly developing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Nail Salon Gym & Fitness Skin Care Clinic Kitchen & Bath Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Punta Gorda
    County
    Charlotte
    State
    Florida
    Longitude
    -82.03008222
    Latitude
    26.99172388

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Punta Gorda, FL
    Where is this land located?
    The property is located at 2420 Luther Rd Punta Gorda, FL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: 42,144 SF commercial lot in Punta Gorda, FL.; Located on Luther Rd with convenient access to I-75 (approx. 99 miles).; Within one mile of three golf courses.
    (941) 923-0535
    Request Owner's contact information
    2420 Luther Rd Punta Gorda, FL 33983
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    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
    2420 Luther Rd Punta Gorda, FL 33983
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