Affordable Housing Development Site | Port Charlotte, FL

3880 El Jobean Road, Port Charlotte, FL 33953, USA

Sands Investment Group is Pleased to Exclusively Offer For Sale the Affordable Housing Development Site Located at 3880 El Jobean Road in Port Charlotte, FL. This Deal Includes a 7.8 Acre Site With 480’ of Frontage on El Jobean/FL 776 (40K+ VPD) and Favorable Commercial General Zoning Permits With a Plethora of Potential Uses, Providing For a Secured Investment.

  • 117 Units (15 Units/Acre) Allowed By Right With Live Local Act
  • 480′ Frontage on Primary Route to the Beach (FL 776) With 40K+ VPD
  • 20% Population Increase Expected By 2030 in Charlotte County From 210K in 2024 to 252K in 2030
  • Commercial General Zoning Permits a Plethora of Potential Uses
  • Low-Income Housing Tax Credits (LIHTC) Potential
  • Located in a DDA, Providing a 30% Basis Boost on LIHTC Developments
  • 2,000 Unit Affordable Housing Deficit in Charlotte County
  • Expedited Permitting, Impact Fee Waivers, Density Advantages, Utilities Connection Subsidies and More Incentives Offered Through Charlotte County HOME (Housing Opportunities Made Easier)
  • Close Proximity to Major Retailers, Employers & Attractions, Including Port Charlotte Town Center, Charlotte Sports Park (Tampa Bay Rays Spring Training Facility) and Charlotte County Fair, Hosting Year-Round Events

In Cooperation With SIG RE Services, LLC – Lic. #CQ1055229 BoR: Andrew Ackerman – Lic. FL #BK3369953

Price

$2,200,000

PREMISES

7.8 Acres

BROKERS

Mark Hebert
Fort Lauderdale
Drew Miller
Fort Lauderdale
Andrew S. Ackerman
Atlanta

List with SIG

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