22901 Bayshore RdPunta Gorda, FL 33980

Property Details for 22901 Bayshore Rd

Lot size

8.30 AC

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 8.3-acre development site in Port Charlotte, Florida, presents a remarkable investment opportunity. Located on Bayshore Road, the property boasts extensive road frontage and is situated in an area experiencing significant growth, including the nearby Sunseeker Resort, the planned Harpoon Harry's Restaurant and Shops, and Whiskey Joe's Restaurant. The land is comprised of two distinct zoning areas: 5.95+ acres zoned Charlotte Harbor Mixed Use (CHMU), permitting 15 units per acre, and 2.35+ acres zoned Charlotte Harbor Neighborhood Business Residential (CHNBR), allowing 10 units per acre. This translates to an estimated potential of 114 units. However, the recently passed Live Local Act allows for a higher density of up to 60 units per acre, potentially yielding 498 units with building heights up to 90 feet. Utilities are readily available along Bayshore Road. The property's APN is 402226476001. This prime location and zoning flexibility make this an ideal site for a multi-family residential development. The asking price is $5,000,000. This is a rare opportunity to capitalize on the burgeoning growth in Port Charlotte. The property's address is 22901 Bayshore Rd, Port Charlotte, FL 33980.

Location Insight

City

Punta Gorda

County

Charlotte

State

Florida

Latitude

26.9602

Longitude

-82.0773

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