This exceptional commercial property near the thriving City of Punta Gorda offers endless opportunities for development and investment. Zoned OMI (Office, Medical, Institutional), this versatile parcel is part of a larger package of four consecutive lots that can be purchased separately or collectively. Lot is partially cleared, features added fill dirt, has a central road base of asphalt millings and is well-designed with drainage ditches to enhance accessibility as well as functionality. According to the Seller, the land is grandfathered for multifamily use, making it ideal for rental unit development. Additionally, OMI zoning allows for medical, office and institutional projects. Surrounded by Commercial General-zoned properties, the parcel can potentially be rezoned to CG, enabling a broader range of uses such as storage facilities, RV parks, outdoor storage, warehouses, hotels, restaurants and more. Conveniently located across from the renowned Fat Point Brewery, this property is just 1. 2 miles from I-75 and 1. 5 miles from downtown Punta Gorda, where you will find fine dining, nightlife, scenic harbor views, walking trails and shopping. Punta Gorda Airport is less than 3 miles away, offering easy and affordable travel options. Don’t miss this rare opportunity to invest in one of Punta Gorda’s most promising commercial locations!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $40,000 | $40,000 | $40,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $269 | $266 | $337 |
Total Monthly Payment | $344 | $341 | $412 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.