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Property profile

650 Clemens Ave Punta Gorda, FL 33950

OFF-MARKET
Land
3.57 ac lot
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Property summary

AI-generated overview

This exceptional 3.57-acre parcel in Punta Gorda, Florida, presents a remarkable opportunity for multifamily development. Approved for 53 residential units under RMF15 zoning, this land is ready for immediate construction. The property's prime location offers convenient access to a wealth of amenities, including proximity to downtown Punta Gorda, local schools, a community pool, athletic fields, and the Charlotte County Arts Center. Furthermore, its strategic position places it just two miles from Florida SouthWestern State College and downtown Punta Gorda, and within a short three-and-a-half-mile radius of Punta Gorda Airport and four miles from the Sun Seeker Resort. The asking price is $1,900,000. Attractive seller financing is available, featuring a 25% down payment and a 5.5% interest-only loan amortized over three years. Detailed Development Review Committee (DRC) approval documentation is available upon request. This is an exceptional investment opportunity in a thriving Florida community. The property is located at 650 Clemens Ave, Punta Gorda, FL 33950, in Charlotte County.

Property profile

Verified
Property type Land
Lot 3.57 ac (155,509 SF)

Cap rate & NOI

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

Location

650 Clemens Ave Punta Gorda, FL 33950
Punta Gorda metro
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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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