Listing Details for MLS # TB8415069
521 Drury Lane, Punta Gorda, Fl 33950

Commercial Sale Property - Multi Family in Punta Gorda

Listing Price: $325,000Days on Market: 33

Description of Property

Unlock the potential of this unique and expansive property located in the heart of Punta Gorda—an area known for its waterfront charm, active boating lifestyle, and convenient access to Sarasota, Tampa, and Naples. With OMI zoning in Charlotte County, this one-of-a-kind site offers immense redevelopment or repositioning opportunity for investors, developers, or entrepreneurs with vision. Situated on over half an acre (.57 acres), this property features four separate structures housing a total of seven individual units, making it ideal for future hospitality, multifamily, executive rental, or professional office uses (subject to code compliance and permitting). While currently in need of significant restoration following hurricane damage, the existing footprint offers a dynamic canvas to bring this former short-term rental property back to life. At the heart of the property is a large, screen-enclosed pool with spa, surrounded by mature tropical landscaping, including soaring bamboo, palms, and a tranquil koi pond—all of which contribute to a lush, private setting. A separate full pool bath structure adds functional appeal for future guest or tenant use, while a centrally located storage hut offers practical space for maintenance equipment or supply storage. The layout of the buildings creates a sense of community while allowing for privacy between units—ideal for a resort-style redevelopment or compound-style lodging concept. Whether reimagined as a boutique retreat, wellness center, creative workspace hub, or short-term/vacation rental complex (with appropriate approvals), the property’s zoning and configuration provide rare flexibility in a sought-after area. Located minutes from downtown Punta Gorda and Fishermen’s Village, the property enjoys close proximity to boating, marinas, restaurants, and shopping. Estimated drive times include approximately 55 minutes to Sarasota, 1 hour to Naples, and 1.5 hours to Tampa and Tampa International Airport, enhancing regional connectivity for both leisure and business purposes. This property and is being offered strictly as-is. Restoration and due diligence will be required by any prospective buyer. However, for those with the resources and foresight to reimagine what once was, this property holds undeniable promise and potential. Reimagine the charm. Reinvest in revival. Reap the rewards. All buyers and agents are strongly encouraged to verify all facts and property details pertinent to their purchase decision.