Accelerating success.

$1,050,000 or $52,500 / Unit

FOR SALE Multifamily/Condo Development | 20± Units1.34± Acres | 3339-40 Purple Martin Drive, Punta Gorda, FL

Fred Kolb, MBA, CCIMDirector+1 239 985 8081fred.kolb@colliers.comcolliers.com/fred.kolb

Jim Garinger, CCIM, SIORExecutive Managing Director+1 239 985 8072jim.garinger@colliers.comcolliers.com/jim.garinger

Aqui Esta Drive

Bal H

arbo

r Driv

e

NORTH

SITE

Charlotte Harbor

81± Unit Waterfront Multifamily Development

Site Also Available

ADDRESS 3339-40 Purple Martin Dr.

Punta Gorda Isles, FL

SIZE 1.34± acres

APN # 412213376001 & 412213376002

ZONING GM-15 (General Multifamily Residential) City of Punta Gorda

SRO (Special Residential Overlay) Punta Gorda Isles

TAXES $18,809

MULTIFAMILY DENSITY

Up to 15 units per acre (20± units)

MARKET Sarasota-Bradenton-Punta Gorda

SUB MARKET City of Punta Gorda

ACCESS Aqui Esta Drive, 2± miles west of US 41

E X E C U T I V ES U M M A R Y

• Future Land Use: High Density Residential • Utilities to site• Waterfront parcels with direct access to Charlotte

Harbor• Possibility of 20 private docks with room for

larger craft• Located in a well established residential

submarket• Allowable uses include single family, multifamily,

group home, essential services, recreational facilities and more

Property Highlights:

Accelerating success.

Specifications:

Location Information:

This property is located in Charlotte County in the City of Punta Gorda, the county seat. As reported in the Charlotte Sun, Steve Sabato of SmartAsset, reports that a recent study determined that Charlotte County is Florida’s number two county for highest per capita net worth, third in the state in per capita wealth, has the second best net worth to income ratio in the state and the third best net worth to debt ratio.

Charlotte County offers an average year round temperature of 75 degrees, plenty of sunshine and 12 miles of sandy gulf beaches. In addition to the 80,700+ acre, Cecil M. Webb Wildlife Management Area (WMA), Charlotte Harbor is home to the 80,000 acre Charlotte Harbor/Gasparilla Sound Aquatic Preserve which is comprised of some of the most pristine and productive coastal areas in the state, and a unique network of barrier islands and mangrove forests.

There are many positive happenings in Charlotte County including Sunseeker Resort, a $470 million phase one investment from Allegiant Travel Company will feature 783 harbor front resort units, unique bars, restaurants and cafes, and a mile‐long boardwalk along Charlotte Harbor in Port Charlotte.

E X E C U T I V ES U M M A R Y

C O N C E P T U A LP L A N

Accelerating success.

Conceptual Site Plan:

Conceptual Multi-Story Building:

D I V E T I M ED E M O G R A P H I C S

Projected Population (2019-2024)

5 min: 1.75% 10 min: 2.10%15 min: 1.89%

Average Household Income (2019)

5 min: $94,719 10 min: $89,11015 min: $78,413

Median Age (2019)

5 min: 68.2 10 min: 67.115 min: 65.5

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Charlotte CountyMultifamily Vacancy Rate (4Q 2019 to date) 3.7%

Unemployment Rate (Charlotte County October 2019) 3.4%