$59,000
About this home
ATTENTION DEVELOPERS & INVESTORS: Rare opportunity to acquire a prime multi-family building lot zoned for up to 3 to 4 units in a high-demand market. With the adjacent 3-bedroom, 2-bathroom home on a modest 3,700 sqft lot currently listed for $279,900, the massive value-added potential and strong ROI of this oversized parcel make it a perfect, investment opportunity. Situated in a highly desirable area of Punta Gorda, 623 Fitzhugh Avenue offers a rare opportunity to develop in one of the city’s most walkable and steadily growing neighborhoods. This cleared, build-ready property is zoned Neighborhood Residential NR-15, allowing for multi-family development and supporting a variety of residential configurations consistent with the surrounding historic area. The property measures approximately 11,194 square feet, or 0.257 acres, which under current zoning may allow for up to 4 residential units depending on final design, footprint, and city approval. The land elevation is approximately 14 feet according to county maps, adding to its overall desirability. The parcel benefits from access on two streets, providing flexible ingress and egress options for future development, and is located adjacent to the Medical Overlay District. Its prime location places it within short distance of downtown Punta Gorda, the hospital, parks, dining, and waterfront attractions, making it an ideal setting for residential units that cater to today’s demand for convenience and lifestyle-oriented living. The NR-15 zoning encourages pedestrian-friendly development and allows for structures up to three stories, offering design flexibility while maintaining neighborhood character. As Punta Gorda continues to experience strong residential demand and redevelopment activity, this property stands out as an excellent investment or development opportunity in a proven and evolving market. Buyers are encouraged to verify all zoning, density, and development details with the City of Punta Gorda and through an updated survey.
Property details
- MLS #
- MFRC7519559
- Property type
- Land
- Subdivision
- WOODS 2ND ADD
- Status
- Active
- Days on market
- 257
- On market date
- January 7, 2026
- Stories
- N/A
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- N/A
- Lot size
- 0.26 acres
Location
Get directions →Nearby schools
Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card (e.g. NC Dept. of Public Instruction, SC Report Card).
- Enrollment
- 674
- Student:teacher ratio
- 15.0:1
- District
- CHARLOTTE
- Enrollment
- 1,228
- Student:teacher ratio
- 21.5:1
- District
- CHARLOTTE
- Enrollment
- 1,950
- Student:teacher ratio
- 22.9:1
- District
- CHARLOTTE
Walkability
Blended score for PUNTA GORDA's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).
Market position
How this listing compares to current activity in PUNTA GORDA, from live MLS data.
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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 15 days ago.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.