For Sale
$349,990

2150 Luther Rd Punta Gorda, FL 33983

24-Unit Potential, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 2.37-acre parcel in Punta Gorda, Florida, presents a lucrative multifamily investment opportunity. Located at 2150 Luther Rd, 33983, this Class A property boasts RMF10 zoning, allowing for the development of approximately 24 residential units. Currently vacant, this land offers significant upside potential for developers seeking to capitalize on the high demand for housing in this thriving area. The property's strategic location provides excellent visibility from I-75, ensuring high traffic and exposure. The asking price is $349,990, translating to an attractive price per unit of approximately $15,000. This represents a compelling entry point into the Punta Gorda real estate market. The property is zoned for mixed-use development, offering flexibility for future expansion or diversification. With its substantial lot size and prime location, this property is ideally suited for investors seeking a high-return, multifamily development project in a rapidly growing Florida market. Charlotte County location provides access to local amenities and a strong rental market. Don't miss this chance to acquire a highly desirable multifamily land parcel in a prime location.

Highlights

  • $349,990 asking price.
  • 24-unit multifamily mixed-use property on 2.37 acres.
  • RMF10 zoning.
  • Vacant land, priced to sell at approximately $15,000 per unit.
  • Excellent I-75 visibility in Punta Gorda, FL.

Property Details for 2150 Luther Rd

Property type
Mixed-use properties, Land
Class
A
Lot Size (sq. ft)
103,237 SF
Units
24

Location Insight

City
Punta Gorda
County
Charlotte
State
Florida
Latitude
26.998338
Longitude
-82.033446

FAQs

What type of property is this?
Mixed-use property - 24-Unit Potential, Prime Location
Where is the mixed-use property located?
The property is located at 2150 Luther Rd Punta Gorda, FL.
What is the asking price?
The asking price for this property is $349,990.
What are key features of this property?
This property features: $349,990 asking price.; 24-unit multifamily mixed-use property on 2.37 acres.; RMF10 zoning.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2150 Luther Rd
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