CITY MARKETPLACE in Downtown Punta Gorda Listing Details & Market Data

The most sought after commercial property in Punta Gorda. Conveniently located in the heart of the Downtown Historic District between the main thoroughfares US-41 N & S is the 5.42 acre City Marketplace. This location provides excellent exposure from frontage on 5 Roads and signalized intersections (2): US-41/Tamiami Trail, Marion Ave, Taylor Street, Harborside Ave, and Retta Esplanade. Water, gas, sewer, and electricity are available to the site. The surrounding businesses include popular & contemporary restaurants, retail shops, spas, hotels, parks, marina, event center, and much more. Bordering the property is an ample amount of free street parking along with a city-owned free 400 car parking garage within 300' walking distance, Herold Court Parking Garage. The City Center zoning allows for mixed uses such as retail, hotels, amphitheaters, restaurants, indoor amusement ranging from a movie theater to aquariums, professional & medical offices, apartments &/or offices above retail. Located in the Offering Memorandum is the City Masterplan including but not limited to 3 concepts which the City would be happy to welcome to the site. Option 1: • The building height is kept at 2 to 3 stories or 50’ as the existing code requires. • Density is increased, however, to 30 homes per Acre which is double what is permitted at the moment. • These conditions encourage small and affordable apartments resulting in more homes per acre. • Option 1 doesn’t show a public square. Option 2: • Increase the building height up to 6 stories or 75’ max. This will increase density to 50 DU per Acre, which will allow attracting more people to live downtown and support making it a vibrant and active place. • This option includes the Town Square & pedestrian promenade for a total of 30,000 SF of pedestrian space. • Lower building heights are still kept on Marion St. Option 3: • Increase the building height up to 6 stories or 75’ max. • Density rises to only 40 DU per Acre because a Performing Arts Center is proposed. • It will also help to make downtown a vibrant and active place while maintaining lower building heights on Marion St.The most sought after commercial property in Punta Gorda. Water, gas, sewer, and electricity are available to the site. The City Center zoning allows for mixed uses such as retail, hotels, amphitheaters, restaurants, indoor amusement ranging from a movie theater to aquariums, professional & medical offices, apartments &/or offices above retail. Located in the Offering Memorandum is the City Masterplan including but not limited to 3 concepts which the City would be happy to welcome to the site. Option 1: • The building height is kept at 2 to 3 stories or 50’ as the existing code requires. • Density is increased, however, to 30 homes per Acre which is double what is permitted at the moment. • These conditions encourage small and affordable apartments resulting in more homes per acre. • Option 1 doesn’t show a public square. Option 2: • Increase the building height up to 6 stories or 75’ max. This will increase density to 50 DU per Acre, which will allow attracting more people to live downtown and support making it a vibrant and active place. • This option includes the Town Square & pedestrian promenade for a total of 30,000 SF of pedestrian space. • Lower building heights are still kept on Marion St. Option 3: • Increase the building height up to 6 stories or 75’ max. • Density rises to only 40 DU per Acre because a Performing Arts Center is proposed. • It will also help to make downtown a vibrant and active place while maintaining lower building heights on Marion St.