Active

$6,600,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRA4659561
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
Located in the beautiful Englewood, Florida area lies this 15 +/- Are development site with frontage on the new Winchester Boulevard Extension. This new extension is the north-south connector bisecting historic Englewood from Englewood East and Rotonda as a new Central Boulevard. It provides access to South River Road (connecting to Interstate-75) and Placida Road to the south giving access to the world-famous Boca Grande. This offering consists of one to three parcels for development into retail, multi-family, or both. Opportunities consist of either purchasing the entire site for retail development as it is already zoned CG - Commercial General, or multifamily development under the Florida Legislature's Live Local Act allowing multi-family development without a rezoning provided certain affordable housing criteria are met. Seller will also subdivide as two 1.2 +/- Acre future corner retail development sites with frontage on Winchester Boulevard and one 12.6 +/- Acre site that could be used for Multi-Family Development with partial frontage on Winchester Boulevard and partial frontage on the future Cypress Road. The multi-family residential site is located in an area that can utilize the Residential live local zoning allowing for apartments or a build-to-rent community on the site. Recent revisions to Live Local in 2025 assures that Charlotte County's "Transfer Density Unit" program does not impair implementation of the Live Local Act. The 1.2+/- acre retail sites at the corner of Winchester Boulevard and Cypress Road could have the potential to be at a future traffic light. The lots are zoned Commercial General (CG) allowing for a variety of uses including Bank, Pharmacy, Gas Station, Retail, Car Wash, Restaurant, among others. 15 +/- total acres with Seller willing to subdivide into three lots: Parcel A: 1.2 +/- Acres - $875,000 Corner Lot Retail Parcel Parcel B: 1.2 +/- Acres - $775,000 Retail Parcel Parcel C: 12.5 +/- Acres - $4,950,000 Multifamily Parcel TOTAL: $6,600,000 for Entire Site
Financial Considerations
Price:
$6,600,000
HOA Fee:
N/A
Tax Amount:
$5756
Price per SqFt:
$30.3
Tax Legal Description:
ZZZ 214120 LT9 21 41 20 E1/2 LOT 9 5 AC. M/L SUB E1/2 OF NE1/4 480/877 AFF2508/312-FEM PR04-1641-FLM 2529/1220 PR04-1642-ABM 2529/1222 PR04-1643-AM 2529/1224 PR04-1644-FJM 2529/1247 2540/2079 2615/907 3333/109
Exterior Features
Lot Size:
217800
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
N/A
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
N/A
Additional Features
Property Sub Type:
N/A
Style:
N/A
Year Built:
N/A
Construction Type:
N/A
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    8399 CYPRESS RD
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