2250 LUTHER RD Punta Gorda, FL 33983

This offering is a 7.17 acre project of medium density RMF10 zoning permitting approximately 64 or even more housing units. The property is just off Luther Road fronting on Tangerine Avenue about 300 feet east of Luther Road and is adjacent to a 4.3 acre commercial general site. There was a proposed PD project that consisted of 51,200 sqft. of residential units with 121 parking spaces. All residential units were to have a waterfront view as planned with a clubhouse and pool. Currently the property is native and undeveloped. Any proposed development of the future can be reconfigured or even have density transfers to enhance the opportunities for a developer at this site. The RMF zoning permits homes, duplexes, mulit-family residences, cluster homes and patio homes. With SPECIAL EXCEPTION approval, nursing homes, adult congregate living facilities, group homes, child and adult day care facilities and schools may be permitted. Consult the local zoning official for details regarding other concepts which may be possible with the zoning boards approval. Across Tangerine Ave. is another multi-family offering of about 9.5 acres which is available and for sale by the present owners. The general area has historically been designated for multi-family developments, churches, public service (Fire & EMS) and commercial type uses.