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5400 Greenwood Ave
North Port, FL 34287
North Port Commercial · Land For Sale · 5.94 AC

Investment Highlights

  • Zoned RMF for multifamily development, seller obtained approval for 119 unit Senior Housing Development, which could be reinstated with some work.
  • Desirable canvas for new affordable multifamily project
  • Ideal location in North Port/Port Charlotte area
  • Develop as Hospitality

Executive Summary

Invest in the future with this exceptional property at 5400 Greenwood Avenue, North Port, FL 34287. Zoned RMF, this prime location offers a compelling opportunity for multifamily and hospitality-oriented development, appealing to investors seeking flexibility and long-term upside. Situated in the highly desirable North Port/Port Charlotte market, the site is well suited for a new residential project, a mixed-use concept, or a boutique hospitality or extended-stay use that complements the area’s growing demand. With strong fundamentals and expansive development potential, this property presents a rare chance to create a high-impact project with meaningful returns. This is an opportunity to shape the next chapter of residential and hospitality living in a rapidly expanding Florida market.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Office
  • Apartment Units
  • Apartment Units - Senior
  • Apartment Units - Subsidized
Total Lot Size 5.94 AC
Tenancy Single
Zoning RMF

1 Lot Available

Lot

Price $3,186,052 CAD
Price Per AC $536,779.03 CAD
Lot Size 5.94 AC

RMF zoning, this prime location offers an unparalleled opportunity for a multifamily investor. Situated in the desirable North Port/Port

Description

Previously Approved for 119 unit Senior Housing Development, could be reinstated for same type project or develop as affordable housing in this fantastic central location.

Property Taxes

Property Taxes

Parcel Number
1001-00-1010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$876,154 CAD
  • Listing ID: 32614550

  • Date on Market: 2024-07-29

  • Last Updated:

  • Address: 5400 Greenwood Ave, North Port, FL 34287

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