840 Carmalita St Punta Gorda, FL 33950
This exceptional 0.17-acre commercial lot in Punta Gorda, Florida, presents a remarkable investment opportunity. Located at 840 Carmalita Street, 33950, this property boasts a highly desirable location near downtown Punta Gorda, Fisherman's Village, and Allegiant's new Sun Seeker resort. Its proximity to schools and numerous planned developments in the Willow Park area, including Lennar Homes projects, makes it ideal for multi-family or affordable housing development. Charlotte County's robust growth, fueled by the expanding Punta Gorda airport and industrial park, further enhances the property's potential. Preliminary assessments suggest the possibility of developing 18 or more units on this site. This lot is one of six contiguous parcels available, offering potential for larger-scale development. The seller is open to exploring alternative financing options, including exchanges or owner financing, making this an attractive proposition for various investors. The property's latitude and longitude coordinates are 26.9300728, -82.0361175 respectively. This is a rare chance to acquire a strategically located parcel in a thriving Florida market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.