Log In/Sign Up
Your email has been sent.
1902 Carmalita St - Carmalita 55 55.32 Acres of Residential Land Offered at $8,500,000 in Punta Gorda, FL 33950
INVESTMENT HIGHLIGHTS
- Zoned and entitled for 598 multifamily units
- Located in the heart of Punta Gorda, one of the fastest-growing MSAs in the US
- Shovel-ready with all permits and plans in place
- The 13-building site plan includes 5-story buildings of 46 units, each with units ranging from 780 Sq. Ft. to 1,573 Sq. Ft.
EXECUTIVE SUMMARY
LSI Companies, Inc. is pleased to present Carmalita 55, a true shovel-ready multi-family development site in the heart of Punta Gorda, the epicenter of new growth and opportunity in Southwest Florida.
With zoning, development order, and all necessary permits in place to construct a 13-building, 598-unit project which can commence in short order and deliver much-needed product to an underserved market.
The property is located in Punta Gorda, one of the fastest-growing MSAs in the United States, which has consistently experienced rapid residential and commercial growth over the last decade. This is one of the only multi-family sites with entitlements and permitting completed. With a rapidly expanding employment base catalyzed by activity and new development surrounding the nearby Punta Gorda Airport, Florida Southwestern University, and the newly opened 785 key Sunseeker Resort, demand for rental product is at an all-time high in Charlotte County, with particular interest from renters seeking close proximity to the vibrant historic charm of Downtown Punta Gorda.
The project has been engineered in two development phases, with 230 units / 5 buildings in the first phase and 368 units / 8 buildings in the second. The 13-building design includes 5-story buildings (4 levels over parking) of 46 units each and 12 garages. The units range in size from 780 sq. ft. To 1,573 sq. ft., fitting with submarket demand.
LOCATION HIGHLIGHTS:
• 1± miles to US-41
• 1.8± miles to Florida Southwestern University (FSW)
• 2± miles to Downtown Punta Gorda
• 2± miles Punta Gorda Airport (PGD)
• 2.4± miles to I-75 (Exit 164)
With zoning, development order, and all necessary permits in place to construct a 13-building, 598-unit project which can commence in short order and deliver much-needed product to an underserved market.
The property is located in Punta Gorda, one of the fastest-growing MSAs in the United States, which has consistently experienced rapid residential and commercial growth over the last decade. This is one of the only multi-family sites with entitlements and permitting completed. With a rapidly expanding employment base catalyzed by activity and new development surrounding the nearby Punta Gorda Airport, Florida Southwestern University, and the newly opened 785 key Sunseeker Resort, demand for rental product is at an all-time high in Charlotte County, with particular interest from renters seeking close proximity to the vibrant historic charm of Downtown Punta Gorda.
The project has been engineered in two development phases, with 230 units / 5 buildings in the first phase and 368 units / 8 buildings in the second. The 13-building design includes 5-story buildings (4 levels over parking) of 46 units each and 12 garages. The units range in size from 780 sq. ft. To 1,573 sq. ft., fitting with submarket demand.
LOCATION HIGHLIGHTS:
• 1± miles to US-41
• 1.8± miles to Florida Southwestern University (FSW)
• 2± miles to Downtown Punta Gorda
• 2± miles Punta Gorda Airport (PGD)
• 2.4± miles to I-75 (Exit 164)
PROPERTY FACTS
| Price | $8,500,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 55.32 AC |
| Property Type | Land | ||
| Zoning | RMF10 and RMF 12 | ||
| Price | $8,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 55.32 AC |
| Zoning | RMF10 and RMF 12 |
1 LOT AVAILABLE
Lot
| Price | $8,500,000 | Lot Size | 55.32 AC |
| Price Per AC | $153,651.48 |
| Price | $8,500,000 |
| Price Per AC | $153,651.48 |
| Lot Size | 55.32 AC |
598 Unit Shovel-Ready Multifamily Development Opportunity
PROPERTY TAXES
| Parcel Number | 412308201001 | Improvements Assessment | $0 |
| Land Assessment | $280,500 | Total Assessment | $280,500 |
PROPERTY TAXES
Parcel Number
412308201001
Land Assessment
$280,500
Improvements Assessment
$0
Total Assessment
$280,500
1 of 21
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1902 Carmalita St - Carmalita 55
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.