49-UNIT, FULLY-ENTITLED, WATERFRONT CONDOMINIUM
14550 RIVER BEACH ROAD / 14440 SCHOFIELD ROAD, PORT CHARLOTTE, FLBID DEADLINE MARCH 31
15 COMPLETED LUXURY UNITS | 34 ADDITIONAL UNITS PERMITTED & READY TO BUILD
TURNKEY DEVELOPMENT OPPORTUNITY IN ONE OF FLORIDA’S FASTEST GROWING MARKETS
Four Villas Totaling 6,300± SF
Building B: 11 Units Totaling 17,100± SF
34 Additional Residences Shovel-Ready
15 Turnkey Units with Certificate of Occupancy
The Harborside Condominiums represent
a unique, high-yield development
opportunity allowing for new ownership
to immediately market and sell 15
existing residences, while completing the
remaining 34 residential units. Most of
these condominium units will also feature
premium water views of the Myakka River.
A significant amount of infrastructure is
already completed, leaving only the three
remaining pad sites fully entitled and
shovel-ready for development.
This offering is an excellent opportunity for
a developer/builder to quickly complete
the project.
HIGHLIGHTS
• 15 units: four, 3BR-2BA villas & eleven, 3BR-2BA condos in Building B completed & ready for sale
• 34 additional residences, including 4 villas, are fully entitled & shovel-ready
• Close proximity to downtown Port Charlotte & Murdock
• Riparian water access to the Myakka River & the Gulf of Mexico
• All common area amenities, including private pool complex & spa, are complete
• Infrastructure (i.e. roadways) complete
• 485’ fishing pier
• Port Charlotte market conditions appear strong with increasing condominium demand
• Upon completion, this development opportunity could be converted to rental units
EXISTING STRUCTURES
Building B – 17,124 SF & Four Villas – 6,288 SF
SITE
3.5± AC
ZONING
RMF15
PARCEL ID
402128477001
TAXES (2020)
$57,636
LOCAL INFORMATION
Located right off County Road 776, the Harborside Condominiums are in the coastal area known as El Jobean in Port Charlotte, Florida. The property is situated in one of Florida’s fastest-growing areas right along the Myakka River. Most units will feature premium views of the river, Charlotte Harbor, and the entire surrounding preserve area, as well as provide opportunities to its residents for year-round boating, dining, world-class fishing, and other recreational activities as this Florida spot boasts, on average, 300 sunny days per year.
Port Charlotte is situated on Florida’s southwest coast, approximately an hour and a half south of Tampa and less than an hour north of Fort Myers. With a population of over 60,000 people as of 2020, which increased by almost 15% since the last census, Port Charlotte continues to be a growing residential community. Market conditions in the area are strong due to increasing condominium demand, new nearby residential development, and overall terrific demographics. Port Charlotte has received numerous titles as a top spot to retire in the U.S. by CNN and even as one of the best retirement options in the world by Forbes.
SALE INFORMATION
Terms of Sale
This sale is being conducted subject to the Terms of Sale, available for download.
Bid Deadline
March 31, 2021 by 5:00 p.m. (EST)
On-Site Inspections
Wednesday, March 10 & Wednesday, March 17.
For more information regarding the sale process or to schedule an appointment, please contact Jonathan Cuticelli at (203) 561-8737 or jcuticelli@hilcoglobal.com.
Bid Submission
Your offer on an HRE-provided Letter of Intent should be submitted to Jonathan Cuticelli at jcuticelli@hilcoglobal.com.
Data Room
A Virtual Data Room has been assembled and contains important due diligence documents on the properties. To gain access to these due diligence documents, buyers will need to fill out the Virtual Data Room Access form available at Hilco’s website. Once the completed form is returned to Hilco, access will be granted.
Broker Participation
A cooperating broker fee will be paid to the PARTICIPATION REALTOR®/Broker whose registered buyer closes on a property. Please refer to the Buyer/Broker registration requirements in the Terms of Sale on HRE’s website.
CONTACT
Jonathan Cuticelli
203.561.8737
jcuticelli@hilcoglobal.com
Adam Zimmerman
847.504.2461
azimmerman@hilcoglobal.com
Contact Us for More Details or to Schedule a Private Tour
Hilco Real Estate (HRE)
assist clients monetize their assets, selling more than 200 million square feet of retail, industrial and office properties. With over 35 years of combined experience working alongside both lenders and investors in the sale and acquisition of every type of asset, our advisory team is an industry leader. We maximize property values in tight timeframes via auctions, note/loan sales, brokerage or potential repurposing solutions.
Passive liquidation management can lead to missed opportunities for substantial recoveries, especially during rocky economic circumstances. Don’t allow real estate assets to become liabilities – we can expedite transactions offering stable footing in this environment and ensuring unparalleled recovery opportunities.
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