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Note
123.64 Biscayne Residential Development
Listing was updated at: 01/16/2019
Property Overview
Price/Rent PSF $ 4,250,000.00
Asset Type Land
Trade Type Sale
Acres Available 123.34
Date Available 01/16/2019
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Description

Location
The Subject Property is made up of the majority part of four parcels totaling 123.64 of the +/- 126.98 acres in the Planned Development. It consists of vacant land in Port Charlotte, FL (Charlotte County). Main access to the property is from El Jobean Road (SR 776). Frontage on El Jobean 1350 ft from the Port Charlotte Sports Complex which is the Spring Training Home of the Tampa Bay Rays.

However, Murdock Circle to the North of the Subject Property is largely considered to be the commercial hub of Port Charlotte (and Northern Charlotte County). It maintains a wide variety of commercial development including many of the big box retailers. Recently, there has been an influx of acquisition by National Retailers in the the Murdock Circle Area.

The North Port / Port Charlotte have very limited access to public water & sewer. In many areas, there is no access to electric. Therefore, despite vast amounts of vacant land, there is a county wide issue with full utility access; however, with the subject parcel fronting El Jobean Road [SR 776] and nearby development to the east, utility access and development will not be prohibitive.

Sale
The Subject Property is made up of the majority part of four parcels totaling 123.34 acres of the +/- 126.98 acres in the Planned Development located in Port Charlotte, FL (Charlotte County). Access to the property is reportedly via an ingress/egress easement to El Jobean Road (SR 776). The public record indicates that 108.54 acres has a PD Zoning which was obtained in 2003 (DRC-PD-03). This zoning approval allows for a maximum density of 905 single and/or multi-family units. The remaining 18.44 acres has CG which provides for a variety of uses.

At this point, there is a conceptual or site plan that has been developed calling for 350 single family & paired villa units along with about 5 acres of commercial frontage. The community which could be gated would be the area's best situated planned development that would feature community only amenities. This concept plan does call for some rezone of the CG property but has been designed to be with allowable standards.

Seller is open to a deal structure where the Buyer would complete the Planned Development and close upon approval. With it's pricing, the development offers a developer a unique opportunity to provide community living in an area that lacks such a product.

Location

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