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0.31 Acres in Punta Gorda, FL - $285,000

0.31 acres in Charlotte County, FL

Vacant West Henry Street building lot located in the most desirable and sought-after city in Southwest Florida the City of Punta Gorda. This lot is zoned Neighborhood Residential 10 (NR-10). The lot is 0.31 acres or 13,600 sqft. permitting four (4) rental units. The four rental units would be comprised of a duplex and a home with an apartment with each being rentable units and a great income generating investment. The density can be increased to four (4) rental units according to City staff in a meeting held with them in June 2023. The lot would require being split into two parcels a 40 ft and a 60 ft. wide parcel. On the 60 ft. parcel a duplex (2 units) can be built. On the 40 ft. parcel a single family home with a rental cottage can be built which means two (2) units making a total of four (4) rental incomes being produced on this property. Rental units are under high demand in...

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Lindsay M. Harrington

COLDWELL BANKER REALTY
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