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Multifamily Residential Site For Development For Sale

$1,250,000

3340 Loveland Boulevard, Port Charlotte, FL 33948

Active
Last Updated: 05/12/2022

20 acres

Lot Area

RMF-10 Allows up to 200 units

Zoning

Details:
Lot Area:    20 acres
Zoning:    RMF-10 Allows up to 200 units
Description:

Site Highlights
• Nearby multifamily communities occupancies 98-100
• Infill residential development site
• Select number of development sites available due to the excessive amount of single lot platting throughout area
• Limited supply of multifamily product available in the area
• Previously owned by Lennar

Investor Pricing Available
• Forbes’ list of “25 Best Places to Retire in 2015”
• Average January Temps H: 74°F –L: 51°F
• Lack of Multifamily product in the area: 99.1% of residences are detached single family homes
• Home prices have increased by 24.86% in the last 5 years
• Average Market Rents are currently $1,124/month

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