West Charlotte County Development Opportunity

7000 Gasparilla Road Port Charlotte, FL 33981

7000 Gasparilla Road, Port Charlotte, FL, 33981
7000 Gasparilla Road, Port Charlotte, FL, 33981 7000 Gasparilla Road, Port Charlotte, FL, 33981
FOR SALE
Property Type:
Multifamily Land
Amount:
$19,734,340
Last Verified:
Feb 20, 2023

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Description

ACREAGE TOTAL: 429.84 ± Acre
COMMERCIAL: 51.78 ± Acre
RESIDENTIAL: 378.06 ± Acre
ZONING: CG / RSF2 (Estimated Max Density (Residential) 2 Units Per Acre Total)
FUTURE LAND USE: CGMU

Commercial (16 acres): $5,227,200 or $7.50 PSF
Remaining Commercial (MF) (35.78 acres) l $4,000,000
Residential: $27,900 per acre or $10,547,874
Parcels Available in Bulk: Contact Broker for Details

The subject property provides a wide array of different options for a prospective purchaser with the CGMU (Compact Growth Mixed Use) Future Land Use. Approximately 378.06+/- acres of the property is zoned RSF-2 for single family residential use while the remaining 51.78+/- acres at the intersection McCall Rd and Gasparilla Rd is zoned CG and features over 1500 feet of frontage on McCall Rd (776). McCall Rd/776 is a main arterial thoroughfare in Charlotte County providing direct access for the coastal region to US41 and I-75 and features an AADT of 24,500 cars per day.
The proposed commercial parcel could potentially be divided to include a portion for a multifamily residential project (estimated at 35.78+/- acres) while the remaining acreage, estimated at 16+/- acres is prime for retail commercial development.

Located in an area of growth and high accessibility, these parcels are ideally positioned within close proximity to the gulf coast beaches of Englewood and Boca Grande, downtown Port Charlotte and Charlotte Town Center mall, the Tampa Bay Rays spring training facility at Charlotte Sports Park, along with many other amenities and urban services.

Lot Size: 429.84 acres


Documents

Gasparilla_Rd_7000-Flyer.pdf

Map of 7000 Gasparilla Road, Port Charlotte, FL, 33981

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.