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12691 State Road 31 - 10 Acres on State Rd 31 | Opportunity Zone
10 Acres of Residential Land Offered at £512,850 in Punta Gorda, FL 33982
Investment Highlights
- 334’± (Frontage on State Road 31) x 1,306’±
- Across from Babcock Ranch development
- Located in an “Opportunity Zone” which allows investors to defer and reduce the amount of tax they owe on capital gains
- Non-Conforming zoning for 8 RV/Motorhome Pads/Acre, potential for a total of 80 Pads
- 2.3± mile North of the Lee County line, 5.5± miles North of the Lee Civic Center and 7± miles North of Palm Beach Blvd
Property Facts
| Price | £512,850 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Total Lot Size | 10.00 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land |
| Price | £512,850 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 10.00 AC |
| Opportunity Zone |
Yes |
1 Lot Available
Lot
| Price | £512,850 | Lot Size | 10.00 AC |
| Price Per AC | £51,285 |
| Price | £512,850 |
| Price Per AC | £51,285 |
| Lot Size | 10.00 AC |
Description
Offering consists of 10 fully fenced acres with non-conforming RV Park zoning allowing 8 pads per acre, for a potential total of 80 pads designated for Recreational Vehicles and Travel Trailers. The rear of the property borders Fred C. Babcock/Cecil M. Webb Wildlife Management area, a State of Florida wildlife preserve. Located in a “State Opportunity Zone” designated by chief executives of the State. This unique development opportunity is across from the fast developing Babcock Ranch, America’s first solar-powered town, with 19,500 residential units. Easy access from Babcock Ranch, Fort Myers, Punta Gorda, North Fort Myers, Cape Coral, and Lehigh Acres. 10 acres of adjacent property may also be available to be purchased. Property can also be used for a single family home, subject to rezoning it to AG.
PROPERTY TAXES
| Parcel Number | 422524400003 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,414 |
PROPERTY TAXES
zoning
| Zoning Code | RVP-Recreational Vehicle (8 Units/Acre (Code Requires 15 Acres Minimum) Property can also be used for a single family home, subject to rezoning it to AG) |
| RVP-Recreational Vehicle (8 Units/Acre (Code Requires 15 Acres Minimum) Property can also be used for a single family home, subject to rezoning it to AG) |
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Fred Kermani, CCIM, AIA -
CRE Consultants
Presented by
12691 State Road 31 - 10 Acres on State Rd 31 | Opportunity Zone
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