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Port Charlotte Land Sold for $6.4M

Investors Trade 1.8 Acres in Charlotte County
February 27, 2018
Image credit: Maxim Commercial Real Estate, LLC, which marketed the property.


A private investor acquired a 1.8-acre parcel at 4949-4975 Tamiami Trail in Port Charlotte, FL from Wiggins Pass Crossing LLP for $6.35 million, or roughly $3.5 million per acre.

The land is located in the Charlotte County submarket, and had proposed commercial uses including hospitality, marina and retail. The buyer's development plans are unknown at this time.

Allen Duquet of Oneir Realty represented the seller and was the sole broker on the sale.

Please see CoStar COMPS #4105784 for more information on this transaction.

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