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Property profile & analytics
OFF-MARKET
Commercial real estate

5200 Fairway Dr Punta Gorda, FL 33982

1 SF 0.25 ac lot
Individually Owned 3-yr Hold
Property ID
US18-6977741
Property summary
AI-generated overview

This exceptional 0.25-acre commercial property, located at 5200 S Fairway Dr, Punta Gorda, FL 33982 (APN 412303252007), presents a unique investment opportunity. Currently configured as a three-unit multifamily building, this Class B property offers significant potential for redevelopment. Its strategic location near downtown Punta Gorda, Fisherman's Village, and Allegiant's Sun Seeker resort positions it ideally for multifamily or affordable housing development. The property benefits from its proximity to schools and numerous planned developments in the Willow Park area by Lennar Homes. Charlotte County's robust growth, fueled by the expanding Punta Gorda airport and industrial park, further enhances the property's value. A new Publix-anchored shopping center is under construction nearby. The property's zoning allows for potential conversion to commercial use. The asking price is $35,000. The owner is open to considering exchanges or owner financing. This is one of eight similar lots available in the immediate area. The property's square footage is listed as 1, but this is likely an error and should be verified independently.

Property profile
Verified
Property type Commercial real estate
Total area 1 SF
Lot 0.25 ac (10,890 SF)
APN 412303252007
UPID US18-6977741
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Edward B Blackburn III · 3 yrs held
Edward B Blackburn III
since 2023
2 recorded transactions
2023
$100,000
2020
$4,419
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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