845 11th Ave S, NAPLES

$2,699,500

0 Beds
0 Baths
.33 Acres
0 Garages

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) and 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.

Essential Information
MLS® #218058012
Price$2,699,500
Acres0.33
TypeLand
Sub-TypeResidential Lot
StatusActive
Community Information
Address845 11th Ave S
AreaNA06 - Olde Naples Area
SubdivisionOLDE NAPLES
CityNAPLES
CountyCollier
StateFL
Zip Code34102
Amenities
AmenitiesNone
UtilitiesCable, Sewer, Water
ViewSee Remarks
WaterfrontNone
Exterior
Lot DescriptionSee Remarks, Regular
Additional Information
Days on Market586
HOA Fees0.00
Listing Details
OfficeDowning Frye Realty Inc.
Property History
Price Increased from $2,695,500 to $2,699,500
Price Increased from $2,685,500 to $2,695,500
Price Reduced from $2,689,900 to $2,685,500
Price Reduced from $2,694,900 to $2,689,900
Price Reduced from $2,699,500 to $2,694,900
Show All History (18)
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