Skip To Content
    Return to Previous Page

    5274 Duncan Road

    Punta Gorda, FL 33982
    • $1,850,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: RX-10636242
    UPDATED: 206 min ago
    $1,850,000
    • 0
      BEDS
    • 4.02
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1950
    County:
    Area:

    School Ratings & Info

    Description

    Compass Commercial is pleased to present the opportunity to purchase the property located at 5274 Duncan Road in Punta Gorda, Florida. The property is situated on the southern corner of Sandy Shore Drive and Duncan Road and spans a total of 4.02 acres. The property retains a Future Land Use (FLU) designation of Commercial (COM) and Zoning District of Commercial General (CG). The property's zoning allows for the development of a 107-room limited-service hotel with additional retail out parcels, 40 market-rate townhomes, or 102 multifamily market-rent units. The site sits just over 1-mile from the Punta Gorda airport (the Florida hub of Allegiant Air, connecting more than 50 destinations) and less than 1.5 miles from the I-75 exchange.The property also sits on the primary road connecting downtown Punta Gorda and I-75 with Walmart's central distribution facility, servicing deliveries for Florida's West Coast cities. The property consists of just over 4 acres of cleared land, with off-site drainage and retention agreements. Recent ESA Phase I and Wetlands and Wildlife reports indicate no entitlement or development hurdles. The site provides prospective developers with a unique opportunity to repurpose the site and develop a highly efficient, mixed-use, hospitality, or residential development in the high growth corridor connecting Tampa/Sarasota with Fort Meyers/Naples MSAs. Proximity to Punta Gorda Airport (1.1 miles), I-75 Interchange (1.5 miles, Walmart Distribution Hub (7.0 miles), and Downtown Historic Punta Gorda (3.7 miles). Fronts Calusa Creek, a thriving single-family residential community recently developed by DR Horton. Thriving demographics with over 10.5% population growth within 3-miles since 2015. Daily traffic counts increased by more than 12% annually since 2011. The property accommodates multiple development options, including existing rights for a mixed-use hospitality and retail site plan. Existing lease with FP&L subcontractor generates $3500 in monthly cash flow to offset carrying costs and entitlement expenses. Flexible ownership will consider all offers and terms.

    Monthly Payment Calculator

    www.myrealestateauthority.com/homes/107522568
    Print Image

    5274 Duncan Road Punta Gorda, FL 33982

    • Price: $1,850,000
    • Status: Active
    • Updated: 206 min ago
    • ID#: RX-10636242
    0
    Beds
    0
    Baths
    0
    ½ Baths
    4.02
    Acres
    1950
    Built
    County:
    Charlotte
    Area:
    Punta Gorda
    Property Description
    Compass Commercial is pleased to present the opportunity to purchase the property located at 5274 Duncan Road in Punta Gorda, Florida. The property is situated on the southern corner of Sandy Shore Drive and Duncan Road and spans a total of 4.02 acres. The property retains a Future Land Use (FLU) designation of Commercial (COM) and Zoning District of Commercial General (CG). The property's zoning allows for the development of a 107-room limited-service hotel with additional retail out parcels, 40 market-rate townhomes, or 102 multifamily market-rent units. The site sits just over 1-mile from the Punta Gorda airport (the Florida hub of Allegiant Air, connecting more than 50 destinations) and less than 1.5 miles from the I-75 exchange.The property also sits on the primary road connecting downtown Punta Gorda and I-75 with Walmart's central distribution facility, servicing deliveries for Florida's West Coast cities. The property consists of just over 4 acres of cleared land, with off-site drainage and retention agreements. Recent ESA Phase I and Wetlands and Wildlife reports indicate no entitlement or development hurdles. The site provides prospective developers with a unique opportunity to repurpose the site and develop a highly efficient, mixed-use, hospitality, or residential development in the high growth corridor connecting Tampa/Sarasota with Fort Meyers/Naples MSAs. Proximity to Punta Gorda Airport (1.1 miles), I-75 Interchange (1.5 miles, Walmart Distribution Hub (7.0 miles), and Downtown Historic Punta Gorda (3.7 miles). Fronts Calusa Creek, a thriving single-family residential community recently developed by DR Horton. Thriving demographics with over 10.5% population growth within 3-miles since 2015. Daily traffic counts increased by more than 12% annually since 2011. The property accommodates multiple development options, including existing rights for a mixed-use hospitality and retail site plan. Existing lease with FP&L subcontractor generates $3500 in monthly cash flow to offset carrying costs and entitlement expenses. Flexible ownership will consider all offers and terms.
    Exterior Features

    Roof Comp Shingle Waterfront YN No

    Interior Features

    Bath Toilets 107.00 Cooling Central Flooring Other Heating Central Building Percent Air Conditioned 100.00

    Property Features

    Available Docs AerialEnviro. Audit-Ph1Previous TitleSurvey Available Info Books & RecordsCopies Of LeaseEnvironmental StudyExisting SurveyPhotos Built Desc Resale Fire Protection Smoke Alarm For Lease Yes For Sale Yes Lease Land LeaseLong TermOption Available List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Possession At Closing Sale Includes Building And Land Tax Amount Real Estate Taxes 5292.65 Tax Year 2019 Tenant Pays CableElectricSewerWater Terms Considered CashConventionalExchangeLease PurchaseOwner 2nd Type Of Building CommercialHotel / MotelMobil / RvRecreation FacilitiyResident. Multi-Fam.RetailStorage/ WarehouseWarehouse Use Hotel/ MotelMixedRetail Utilities CableElectricGas NaturalPublic SewerPublic Water

    Listing provided courtesy of Compass Florida Llc. Listing information © 2020 BeachesMLS
     
    https://bt-photos.global.ssl.fastly.net/rmls/orig_boomver_1_RX-10636242-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/orig_boomver_1_RX-10636242-2.jpg https://bt-photos.global.ssl.fastly.net/rmls/orig_boomver_1_RX-10636242-2.jpg
    Logo
    Real Estate Authority
    5220 S University Drive #210C
    Davie FL, 33328