For Sale
$3,250,000

2392 El Jobean RdPort Charlotte, FL 33948

Prime 5-acre commercial land, Hwy 776

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 5-acre commercial land parcel presents a remarkable development opportunity in Port Charlotte, Florida. Strategically located at the corner of Hwy 776 and the Charlotte Sports Park (home of the Tampa Bay Rays Spring Training), this property boasts 600 feet of frontage on Hwy 776, experiencing combined daily traffic counts exceeding 40,000 vehicles. The site features flat topography and readily available utilities, making it ideal for immediate development. Zoned for Commercial General use, the property is well-suited for a variety of commercial ventures, with the county expressing interest in family-oriented developments such as restaurants, hotels, and children's centers. This location benefits from its proximity to the Charlotte County Fairgrounds, the West Port community (approximately 2,000 single-family and multi-family dwellings), and the Port Charlotte Town Center (over 1 million square feet of retail space). The high demand is evident, with only five comparable properties proposed or under construction within a five-mile radius, and occupancy rates exceeding 97%. The surrounding area boasts a strong demographic profile, with an average household income of $86,172 and $1.4 billion in annual consumer spending within a five-mile radius. The 5-acre parcel includes approximately 4 acres of usable land, priced at $796,000 per acre, for a total asking price of $3,250,000. The area's population growth is projected to exceed 10% within a five-mile radius, making this a truly exceptional investment opportunity. The property's location at the entrance to the Rays Stadium ensures high visibility and accessibility. Recent approvals for an additional 150-acre master-planned development further underscore the area's growth potential.

Highlights

  • 5-acre site (4 acres usable) on Hwy 776/2392 EL JoBean Rd, ready for development with flat topography and utilities.
  • Commercial General zoning allows diverse uses; county favors family-oriented projects like restaurants, hotels, and children's centers.
  • High demand: only 5 competing properties proposed/under construction within 5 miles; occupancy rates exceed 97%.
  • Prime Hwy 776 location at Tampa Bay Rays Stadium entrance; 600 ft frontage; over 40,000 vehicles per day (VPD).
  • Strong demographics: $86,172 average household income and $1.4B annual consumer spending within a 5-mile radius.
  • Diverse population: balanced mix of senior and younger demographics (avg. ages 54 and 36 respectively) within 5 miles; high population growth.

Property Details for 2392 El Jobean Rd

Property type
Land
Lot Size (sq. ft)
217,800 SF

Location Insight

City
Port Charlotte
County
Charlotte
State
Florida
Latitude
26.998938
Longitude
-82.18443
2392 El Jobean Rd, Port Charlotte, Florida

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2392 El Jobean Rd
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