Located on Grove Boulevard in Punta Gorda, Florida, the Subject Property is ideally located East of Punta Gorda Airport and near Fred C. Babcock/Cecil M. Webb Wildlife Management Area. The surrounding area is experiencing significant growth and development which should benefit the Subject Property. Additionally, Winn-Dixie, Walmart and other retailers are located within 5 miles of the Subject Property. Furthermore, the Subject Property is also close to Punta Gorda Airport, Cheney Brothers and other employers. Convenient access to major highways, such as, US-17, Interstate 75, County Road 74 and other thoroughfare roads makes for easy travel throughout the Charlotte MSA. Punta Gorda has experienced a population growth greater than 42% since the year 2000 and is expected to experience even further explosive growth with current trends showing great than 1,000 people moving to Florida every day. Median household incomes are up over 33% while property values have increased nearly 102% since 2000. Punta Gorda is primed to see continued growth in all areas of the local economy which will certainly benefit the Subject Property. The Subject Property is 2.5 Acres of vacant land located on Grove Boulevard in Charlotte County. This piece of property offers the opportunity for residential development. With major wildlife environments, such as, Fred C. Babcock/Cecil M. Webb Wildlife Management Area, Charlotte Harbor Environmental Center located adjacent to the Subject Property, there are opportunities for several types of outdoor recreation. Additionally, the Subject Property is located near Interstate 75 allowing for easy transportation throughout southwest Florida. The Subject Property has a zoning designation of Agriculture, general (AG) with an underlying zoning and future land use (FLU) of Enterprise Charlotte Airport Park & Rural Estate Residential. Due to the location, the Subject Property will be attractive to multiple residential land buyers.
