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0 Tuckers Grade Punta Gorda, FL 33955

OFF-MARKET Land Google Maps
20 ac lot
Estimated value
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Property ID

Property summary

AI-generated overview

This exceptional 20-acre land parcel in Punta Gorda, Florida, presents a unique multifamily development opportunity. Located on Tuckers Grade, this site is strategically positioned at the intersection of US-41 and I-75, offering unparalleled access for commuters traveling between Naples and Tampa. Zoned PD, this property is part of the Tuckers Pointe Planned Development, a master-planned community slated to include 1389 residential units, with 354 lots anticipated for delivery by Fall 2023. The site boasts convenient access via Tuckers Grade at the I-75 interchange (Mile Marker 158) and utilities are available at the property line. Off-site stormwater management maximizes usable development area. This prime location is just 6.5 miles from Historic Downtown Punta Gorda and 5 miles from Punta Gorda Airport, with Fort Myers and its airport within a short driving distance. Punta Gorda's inclusion in Business Insider's top 5 fastest-growing US cities underscores the exceptional growth potential of this investment. The development plan includes 38 acres of commercial space along Tuckers Grade, further enhancing the area's appeal. This is a rare chance to capitalize on the burgeoning residential market in a rapidly expanding city. The site is ideally suited for a 300-unit multifamily development, catering to the growing demand for housing in this desirable location.

Property profile

Verified
Property type Land
Lot 20 ac (871,200 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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