|Land Size||3 Acres|
Located on the east side of Burnt Store Rd., 3± miles south of U.S. 41, this property offers a unique opportunity for a developer or investor to deliver residential product in a rapidly growing submarket. Charlotte County Airport, which mainly accommodates travelers living near the subject property, saw a 25% increase in passenger traffic in 2018. Since growth in air traffic usually portends population growth, this bodes well for upcoming residential communities in the area.
The site is currently zoned PD (Planned Development) for up to 999 units with a total density of 3.77 units per acre. The property is currently used for cattle grazing, TDU’s are currently in place, and environmental, soil, and protected species tests are complete. The concept plan offers future residents pristine views of lakes and conversation land owned by the State of Florida.
Directly east of the site is Heritage Landing (formerly known as Tern Bay), a 1,500-unit development spanning 877± acres that includes a bundled public golf course. Homes sold in this community will range from the high-$100’s to mid-$500’s. Additionally, DR Horton is currently building homes in Waterford, another active community in the area. Area attractions include the revitalized downtown Punta Gorda, various outdoor activities at Cecil Webb Wildlife Management Area, Fisherman’s Village, and the upcoming Sunseeker Resort.
Charlotte County is in the permitting phase to widen Burnt Store Rd. to a four lane roadway from Notre Dame Blvd. to north of Zemel Rd. Design includes utility improvements, sidewalks and bicycle facilities.
Lee County is widening Burnt Store Rd. to a four lane roadway from Diplomat Pkwy. to south of Tropicana Pkwy., with an expected completion date of Spring 2020. The next segment of the project will involve widening Burnt Store Rd. from south of Tropicana Pkwy. to Pine Island Rd., expected to be completed in Fall of 2023.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.