Mindy Sylvester Is Your Olde Naples Real Estate Specialist
Courtesy of: Downing Frye Realty Inc.
Purchase Type: Sale
MLS ID: 218058012
Days On Market: 858
Lot size: 0.33
Property Type: Lot and Land
Area: NA06 - Olde Naples Area
New Construction: No
Swimming Pool: No
Address: 845 11th AVE S
Neighborhood: Olde Naples, Na06 - Olde Naples Area
Unique opportunity for “buy & hold” or immediate redevelopment investment in the heart of the Olde Naples district, bordering Aqualane Shores. Large 100'x151’ lot with existing rental income producing condominium association in an unrivaled location between 5th Ave. and 3rd St. and within walking distance to everything downtown Naples has to offer! A large parcel with 15,100 sq ft that can be redeveloped into 1 or 2 large single family homes, 3 townhomes or 4 condos! This parcel is zoned R3T-12, which allows unique transient rental opportunities for downtown Naples. It can be sold in bulk (100'x151’); or, be re-plat into two separate parcels (50’x151’ each) AT ONLY ($260 SF) OR sold separately. Current owners have worked with the City of Naples, various architects and contractors in town on all building possibilities. Sample plans, as well as estimated building costs from local top contractors in hand and can be shown to potential serious buyers. PRESENTLY ALL RENTALS UNITS ARE GENERATING ALMOST $72K GROSS YEARLY. REAL AVERAGE VALUE ON MARKET:$2,880,300.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Data provided via the Florida Association of Realtors (FAR). Updated: 1st March, 2021 12:19 AM