This 30 acre property fronts a lake with 13.62 usable acres. It is conveniently located at the Interstate 75 and Kings Highway Interchange in the heart of rapidly Growing Charlotte County. Quickly, earning national recognition for its affordable living for both families and retirees, the location is well located in the County that sits between Lee and Sarasota.

In recent periods, the Punta Gorda Airport (PGD) has rapidly increased in passenger counts with the entrance and growth of Frontier and Allegiant Airlines creating a more convenient access to the area. Combine that with rising prices in neighboring counties has caused the area to see more development.

Location Description:

Located at 24750 Sandhill Boulevard, the Subject Property has 30 acres east of the Interstate 75 and Kings Highway Interchange. The parcel enjoys an existing lake and significant I-75 exposure. Futher, the commercial and retail development in and around this interchange is significant. The site provides excellent access to both the highway system and commercial amenities which combined a documented need for multi-family in Charlotte County, creates a viable use for a residential apartment complex.

The property is part of the Sandhill Development of Regional Impact (DRI), which are no longer used in Florida but provide for specific entitlement to the parcels within the larger area . The Subject Property is entitled for 12,000 SF of commercial space and 320 units of multi-family residential development.

The boundaries between the commercial sub-parcel and the residential sub-parcel are defined in the DRI, but these boundaries are easily adjusted to allow more area for the multi-family development.

Most intended developments of the 12,000 SF on the commercial parcel will not require a 4.88 acre site, so our group is receptive to discussing adjusting the boundary to allow more multi-family acreage. The 13 acres appear to include several small wetlands, however these wetlands were mitigated as part of the DRI and the full 13 acres can be developed without wetland mitigation or buffers. Water and Sewer are both available adjacent to the site on Sandhill Blvd. Power is also along Sandhill.

Highlights:

>> Lakefront Amenity

>> Part of a DRI with an ERP Permit good until November of 2021

>> High Density Approved in the DRI - Concept Plan for 288 Units

>> Great Interstate 75 Access

>> Rectangular Layout

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