2392 El Jobean RdPort Charlotte, FL 33948

Property Details for 2392 El Jobean Rd

Lot size

5.10 AC

Zone code

CG COMMERCIAL-GENERAL

Property type

Land

Property subtype

Commercial land

APN

40-21-14-100-006

APU

402114100006

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $67,403,832

  Hospitality

  $61,741,544

  Educational

  $51,368,240

  Medical

  $53,134,872

  Retail

  $79,906,152

Location Insight

City

Port Charlotte

County

Charlotte

State

Florida

Latitude

26.9989

Longitude

-82.1844

CBSA code

39460

CBSA name

PUNTA GORDA, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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