Land•Other•For Sale

Punta Gorda City Marketplace Development Site

115 Tamiami Trail, Punta Gorda, Florida 33950

Sale Price $9,800,000 ($41.51 /SqFt)
Sale Type Investment
Sale Condition 1031
Annual Taxes $40,962.14
Land Area 5.42 Acres
Market Southwest Florida
Sub-Market Charlotte County
Parcel# 412306304002, 412306327001, 412306327002
Located conveniently in between the heavily traveled roads, US 41 N & S with a combined 52,000 traffic count is the 5.42 acre development site known as The City Marketplace. Bordering streets include US 41, Marion Ave (8,100 AADT), Taylor St (5,700 AADT), and W Retta Esplanade. Water, sewer, gas, and electric are available. City Marketplace has over 530’ of frontage on North bound US 41 and 415’ on Marion Ave. Zoned City Center which features: Retail, Hotels, Amphitheaters, Restaurants, Indoor Amusement ranging from Movie Theater to Aquariums, Professional & Medical Offices, Apartments &/or Offices above retail. Key Development Standards include: • 70 percent of street face frontage to be built-out • Minimum Height of 2 Stories • Maximum Height of 50 Feet above BFE. The City of Punta Gorda is in the final process of approving increased building heights. FREE CITY OWNED 400 Car Herold Court Parking Garage is in walking distance of less than 300’. Directly adjacent is the brand new (2018) SpringHill Suites by Marriott (128 Rooms), Across US41 N is the Wyvern Hotel (63 rooms), and just 100ft from the edge of the property is the Four Points by Sheraton Punta Gorda Harborside (106 rooms). It is safe to say confidently this is the most sought after property in all of Punta Gorda. This property was once the site of the Punta Gorda Mall before Hurricane Charley in 2004. See Attachments for brochure and City Center Zoning Uses and Standards.
  • The Punta Gorda City Marketplace
  • 5.42 Acres of City Center Land
  • $41.50/sf
  • 530ft of frontage on US 41
  • 712ft Frontage on Taylor St
  • 400 Car FREE city owned parking garage less than 300ft away

1 Spaces

1
11/7/2018 12:00:00 AM 11/7/2018 2:07:40 PM
Charles Thomas
Broker and Principle
Maxim Commercial Real Estate, LLC

LEAVE A MESSAGE

0/100
Human? type 311 below...
dummy toaster to trick _toastr script loaded by scripts.js Show Default