This 1.25+/- Acre site is zoned RMF-10 allowing up to 10 units per acre. With development land in Charlotte County that is NOT IN A FLOOD ZONE at a premium, this lot is a great deal! Close to shopping, I-75, schools, medical care, entertainment and more.
Each parcel has a deeded easement of 25’ on either the westerly or easterly lot line creating a 50’ path to every lot. This lot’s easement is on the east lot line. Most of these lots are raw land with excellent development potential for the savvy investor.
Sellers have a second, non-contiguous lot, zoned RE in this same area, please see MLS # C7510718 for location.
2530 LUTHER ROAD, Punta Gorda, FL, 33983
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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