Sold: Jun 11, 2021
Address
845 11th Ave S Naples, FL
Price
$ 2,575,000
Property Attributes
  • MLS#218058012
  • TypeLand
  • CountyCOLLIER
  • CityNaples
  • Zip34102
  • Style
  • Price$ 2,575,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
Downing Frye Realty Inc.
Data Source:
Naples Area BOR (NABOR) - 174 - FL
Property Description

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.

Price History

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 34102

Price
AVG $7.42M
$2.58M

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