Rare opportunity! One acre of prime real estate. Corner lot. Potential for 15 unit condominium project. Multi family zoning (nr-15) only a half block from charlotte harbor/ gilchrist park. Utilities are city water and sewer. Great location : walking distance to fishermen's village and minutes to historic downtown punta gorda shopping, dining, medical care, waterfront parks, art galleries, weekend farmers market, events and more. There is currently a 5 bedroom, 4 bathroom rental home built in 1961 on this property. This parcel is being sold for the value in the land. The adjacent parcel may also be available for sale which would give you an additional 15 condo units.
The vacancy rate of homes in 33950 is
25.68% with 60.48% of homes being owner-occupied. The median household income in 33950 is $56004 per year with those between 45 and 64 having the highest median income at $79896.