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115 Tamiami Trl, Punta Gorda, FL – $8,500,000

  • $8.5M Price
  • 5.42 Acres
  • 371 DOM
  • $8.5M Price
  • 5.42 Acres
  • 371 DOM

115 Tamiami Trl

Located conveniently in between the heavily traveled roads, US 41 N & S with a combined 52,000 traffic count is the 5.42 acre development site known as The City Marketplace. Bordering streets include US 41, Marion Ave (8,100 AADT), Taylor St (5,700 AADT), and W Retta Esplanade. Water, sewer, gas, and electric are available. City Marketplace has over 530’ of frontage on North bound US 41 and 415’ on Marion Ave. Zoned City Center which features: Retail, Hotels, Amphitheaters, Restaurants, Indoor Amusement ranging from Movie Theater to Aquariums, Professional & Medical Offices, Apartments &/or Offices above retail. Key Development Standards include: • 70 percent of street face frontage to be built-out, • Minimum Height of 2 Stories, • Maximum Height of 50 Feet above BFE. The City of Punta Gorda is in the final process of approving increased building heights. FREE CITY OWNED 400 Car Herold Court Parking Garage is in walking distance of less than 300’. Directly adjacent is the brand new (2018) SpringHill Suites by Marriott (128 Rooms), Across US41 N is the Wyvern Hotel (63 rooms), and just 100ft from the edge of the property is the Four Points by Sheraton Punta Gorda Harborside (106 rooms). It is safe to say confidently this is the most sought after property in all of Punta Gorda. This property was once the site of the Punta Gorda Mall before Hurricane Charley in 2004. See Attachments for brochure and City Center Zoning Uses and Standards.

Essential Information

  • MLS® #C7407817
  • Price$8,500,000
  • Bathrooms0.00
  • Acres5.42
  • Year Built2019
  • TypeCommercial
  • Sub-TypeUnimproved Land
  • StatusActive

Community Information

  • Address115 Tamiami Trl
  • AreaPunta Gorda
  • SubdivisionPunta Gorda
  • CityPunta Gorda
  • CountyCharlotte County
  • StateFL
  • Zip Code33950

Amenities

View

Corner Lot/Unit, Historic District, Lot - Oversized, Street Lights, Street Paved

Interior

  • CoolingNone

Exterior

  • ExteriorOther
  • Lot Description5 to less than 10

Additional Information

  • Days on Market371
  • ZoningCC
  • Taxes$37,535
  • Tax Year2018
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Price Change History for 115 Tamiami Trl, Punta Gorda, FL (MLS® #C7407817)

Date Details Change
Price Reduced from $8,800,000 to $8,500,000 $300,000 (3.41%)
Price Reduced from $8,900,000 to $8,800,000 $100,000 (1.12%)
Price Reduced from $9,800,000 to $8,900,000 $900,000 (9.18%)

Listing provided courtesy of Maxim Commercial Real Estate

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Listing data comes from My Florida Regional MLS DBA Stellar MLS.

Listing information last updated on November 14th, 2019 at 1:31pm EST.