22417 Hancock Avenue, Punta Gorda, FL 33980

$16,000,000

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List Price
$16,000,000
Status
Active
Days on Market
62
Price Change
▲ $1,000,000 1783472541
MLS#
C7526617
Property Style
Hotel/Motel
New Construction
Yes
Year Built
2027
Lot Size
77,801
Acres
1.79
Total Acreage
1 to less than 2
Legal Subdivision Name
Charles H Gross Sub
MLS Area Major
Port Charlotte

Property Description

Pre-Construction. To be built. Own a brand-new, turnkey La Quinta Inn & Suites by Wyndham in one of Southwest Florida's fastest-growing hospitality markets. This unique offering includes the delivery of a fully constructed 84-room, three-story hotel at 22417 Hancock Avenue, Port Charlotte, Florida. The purchase price includes the completed hotel, all furniture, fixtures, and equipment (FF&E), and the extensive planning, approvals, and development work already completed. Rather than acquiring vacant land or an unfinished development project, buyers are purchasing a completed, ready-to-operate hotel upon construction, allowing them to avoid the time, risk, and complexity of the development process. Ideally located just east of US-41 (Tamiami Trail) near Charlotte Harbor, the property benefits from exceptional access to major medical centers, retail, restaurants, and established commercial corridors. The hotel is also positioned to capitalize on demand generated by the nearby Sunseeker Resort Charlotte Harbor, attracting overflow guests, business travelers, contractors, event attendees, and visitors seeking a nationally recognized hotel at a more moderate price point. The approved project consists of an 84-room, three-story La Quinta Inn & Suites by Wyndham on approximately 1.786 acres. Extensive pre-development work has already been completed, including feasibility studies, engineering, civil and architectural plans, brand coordination, permitting, and FF&E planning. The completed hotel will feature spacious guest rooms, an inviting lobby, breakfast area, business center, fitness center, outdoor pool, and a full-service liquor bar, lounge, and dining area, creating additional guest amenities and revenue opportunities. This is a rare opportunity for investors and hotel operators to acquire a newly constructed, nationally branded, turnkey hotel in a high-growth market without navigating the entitlement, design, permitting, and construction process. Seller intends to deliver the completed hotel, including the furniture package, subject to the terms of a negotiated purchase and sale.

Additional Information

Taxes Annual
$5787
Community Features
No Deed Restriction
Zoning
CG
Air Conditioning
Central Air
Exterior Construction
Metal Frame
Roof
Shingle
Foundation
Brick/Mortar
Pool
No Pool
Flood Zone Code
AE
Parcel ID
402226276011
Legal Description
ZZZ 264022 P7-6-1 26 40 22 P-7-6-1 1.78 AC. M/L GROSS SUB PART LT 7 DESC AS COMM AT NE COR SEC 26 S 1326.74 FT TH W 781.18 FT FOR POB TH W 155.4 FT S 270.21 FT SE 145.88 FT SE 145.54 FT TO W LN HARBOR EXEC. PARK TH N ALG W LN 267.06 FT W 105 FT N 120 FT TO POB

Listing courtesy of NATIONAL LAND REALTY LLC. 941-322-7002

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