2150 Luther RdPunta Gorda, FL 33983

Property Details for 2150 Luther Rd

Lot size

2.37 AC

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

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.

Location Insight

City

Punta Gorda

County

Charlotte

State

Florida

Latitude

26.9983

Longitude

-82.0334

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