Listed by ONE Sotheby's International Realty
$399,000
514 Solana Loop
Details
APN 412305254001
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 33,891
Pro-Forma Cap Rate 7.50%
Acreage 0.778
Zoning OMI (Office, Manufacturing, and Institutional) ; RMF
Investment Type Redevelopment
Ownership LLC
Sale Condition 1031 exchange
OMI-zoned shovel-ready site with utilities – Pro-forma 7.5% cap, 25% equity upside
Marketing description
Prime Punta Gorda Location with Approved Multi-Family Development Plans. This exceptional 0.778-acre vacant lot presents a rare opportunity for developers seeking a multi-family residential project. Capitalize on the convenience of already approved plans for a 19-bedroom building. OWNER FINANCING AVAILABLE
Situated in close proximity to the main hospital and downtown, this property benefits from Charlotte County’s continued population growth, with county planning forecasts showing demand for more than 20,000 additional housing units by 2030.
Shovel-ready and offers easy access to city infrastructure. While currently approved for multi-family use, zoning OMI (Commercial, Office, Manufacturing, and Institutional) provides flexibility to explore alternative development options.
Investment highlights
Lot SqFt : 33,891
Virtual Tour : https://www.propertypanorama.com/instaview/mia/A11551436#tour\
Prime OMI-zoned property in a high-demand area
25% ROI at stabilization
Shovel-ready site with immediate development potential, city water connected
Proximity to major medical facilities and central hospital
Listing Contacts
Listed by ONE Sotheby's International Realty
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