5301 DUNCAN ROAD, Punta Gorda, FL 33982 - Charlotte County

Commercially zoned but currently used a 3 rental unit property with outbuildings etc. 19,300 AADT from the FDOT site. 1.2 miles from I-75 interchange. New RaceTrac truck stop open, Mcdonald's and other development in the works. This 1.4 acre property is directly on Rt 17. Land value at $6.50 per foot is $395,000. Rental income $2,250(could be higher) monthly to cover the $180,000 for improvements. All rental units are 1 bedroom, 1 bath, kitchen with each having their own entry and front porch. Possibilities abound with older structures, mature trees, bamboo that produces, small creek that runs to the Peace River.

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