$195,000

Vacant West Henry Street building lot permits 4 dwelling units. The property is located in the most desirable and sought-after city in Southwest Florida – the City of Punta Gorda. This lot is zoned Neighborhood Residential 10 (NR-10). The lot is 0.31 acres or 13,600 sqft. The four rental units would be comprised of a duplex and a home with an apartment with each being rentable units and a great income generating investment. The density can be increased to four (4) rental units according to City staff in a meeting held with them in June 2023. The lot would require being split into two parcels…a 40 ft and a 60 ft. wide parcel. On the 60 ft. parcel a duplex (2 units) can be built. On the 40 ft. parcel a single family home with a rental cottage can be built which means two (2) units making a total of four (4) rental incomes being produced on this property. Rental units are under high demand in Punta Gorda and Charlotte Co. The NR10 zoning code preserves the traditional building pattern of mixed residential development, which historically has been integrated to form a vibrant, active, and cohesive neighborhood. Permitted are single family detached homes and duplexes. Permitted accessory uses are non-commercial hobbies & crafts, uses & structures customarily incidental and subordinate to permitted uses, as well as detached garages or sheds. Uses permitted with conditions are bed and breakfast inns, limited home occupations, rental cottages (in outbuildings), accessory dwellings and group homes. Additional highlights of this building lot include the option for you to customize your backyard-lanai area with a large, screened area, pool, sitting area, parking area via an alleyway, outdoor recreation area which could include a fireplace, gazebo ... plus so much more. The Henry Street location is moments away from the library on Shreve Street and the numerous parks along Punta Gorda’s waterfront including Gilchrist and Laishley Parks on Charlotte Harbor. Convenient to restaurants to include Fine Dining. Nearby to downtown shopping, galleries, Publix, CVS, and nationally known stores. Fisherman’s Village is nearby and offers additional shopping and dining choices. Nearby is the Linear Park for walking and biking pleasure. Gilchrist Park offers Basketball, Tennis and Pickleball courts for the enthusiast. Plus, just a short drive takes you to boating, fishing, the beaches, golf and all that Punta Gorda and Charlotte County offers. This is still Florida’s best kept secret offering many possibilities for an enjoyable lifestyle.