Residential Development Land
For Sale
$349,990
Luther Rd Multifamily, Punta Gorda, FL 33983
2.37 acres of vacant land suitable for residential development.
Property Size2 SF
Price / SF$174,995
Days on Market285
Property Features for Luther Rd Multifamily
General Information
Standard status
Active
Size
2 SF
Class
A
Property subtype
Land
Listing Agency:
SVN | Commercial Partners
(941) 961-7109
Listed By:
Ashley Barrett Bloom · License #BK3231913
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 28
Last Checked: Sep 1 at 5:35PM
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 SVN | Commercial Partners
Investment Insights
Based on property information with market context.
This 2.37-acre vacant land parcel is located on Luther Rd in Punta Gorda, Florida, within Charlotte County. Zoned Residential, multifamily (RMF10) with an underlying zoning and future land use (FLU) of Medium Density Residential (MDR), the property presents an opportunity for residential development. Situated in an area experiencing growth, the location offers potential for current and future development. Its proximity to Interstate 75 facilitates transportation throughout southwest Florida. The surrounding area in East Port Charlotte is undergoing significant residential development. Retail options, including Publix and Walmart, are located within 5 miles. Convenient access to US-41, State Road 776, Interstate 75, and other thoroughfare roads allows for travel throughout the Charlotte County MSA. The area has experienced substantial population growth and increases in median household incomes and property values, suggesting continued economic expansion.
Key Highlights
- Opportunity for residential development in a rapidly growing area.
- Ideally located near Interstate 75 for easy transportation.
- Located in East Port Charlotte, amidst residential development and growth.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
39
Businesses Nearby
Explore this area
Business Placement
Demographics for 33983, FL
16,124
Population
9,114
Households
1.8
Avg Household Size
58
Median Age
22%
College-Educated
94%
High-School Grad
10.6 sq mi
ZIP Area
1,521
Density / Sq Mi
$67,705
Median Household Income
$36,748
Median Earnings
$1,357
Median Rent
$324,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - 2.37 acres of vacant land suitable for residential development.
Where is this land located?
The property is located at Luther Rd Multifamily 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: Opportunity for residential development in a rapidly growing area.; Ideally located near Interstate 75 for easy transportation.; Located in East Port Charlotte, amidst residential development and growth.
