0.51 Acres Lot
0.51 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Commercial Lot
Listing Status Active
Purchase Type For Sale
Subdivision Lake Kelly
MLS Listing ID 225069858
Annual Tax Amount $1,842
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Property Sub-Type Commercial Lot
Source Naples
Property Description
An extraordinary development opportunity is now available with plans designed by MHK Architecture & Planning, the premier architectural group in Southwest Florida. The project is approximately six months from achieving full approval, according to construction consultants, creating a timely entry point for investors/developers.
Excellently located in the heart of Bayshore Drive, an area experiencing tremendous development w/ new high-end dining, shops & the Botanical Gardens. Within 7 min drive from 5th Ave. Just a few minutes to the beach, Naples Pier & to 3rd St South.
This project offers significant upside as a potential condo/hotel hybrid model (see attached documents):
- Unit Sales: 20 Individual units can be sold to private owners.
- Rental Program: When units are not owner-occupied, the developer retains the right to manage rentals under a 60/40 revenue-sharing agreement (in favor of owners).
- Long-Term Sales Rights: The developer may also secure the exclusive right to sell all units in perpetuity, creating ongoing transaction-based revenue.
- Multiple Income Streams: Additional income opportunities include leasing the on-site bar, restaurant, gift shop, and other amenities, further enhancing profitability.
This offering combines design excellence, financial upside, and multiple long-term revenue streams in one of Southwest Florida's most desirable markets.
Seller already has a local General Contractor ready to construct the building, if needed.
The project offers the following features:
GROUND FLOOR
Covered parking
Reception
Lounge
Coffee bar
Gift shop
4 offices for use by owner/guests
Outdoor lounge
Pool lounge
Snack/juice bar by the pool
Pool/jacuzzi/plunge pool
1ST FLOOR
10 units with 2 bedroom, 2 bathrooms, walk-in closet, full kitchen, laundry facilities (3 different floor plans)
Storage units
2ND FLOOR
10 units with 2 bedroom, 2 bathrooms, walk-in closet, full kitchen, laundry facilities, balcony (3 different floor plans)
Storage units
3RD FLOOR
Restaurant
Bar
indoor/outdoor dining areas
Gym
His/hers locker rooms
Massage rooms
Recovery rooms
Sauna
Cold plunge/ice pool
Outdoor lounge
Storage unit
Location
State FL
County Collier
Area Na09 - South Naples Area
Exterior
Community Features See Remarks, Non-Gated
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Removal, Underground Utilities, Water Available
Waterfront Description None
View Y/N No
View None/Other
Present Use Commercial
Private Pool No
Building
Lot Description See Remarks
Sewer Central
Water None, Irrigation Water
New Construction Yes
Others
HOA Fee Include See Remarks
Tax ID 53353320002
Acceptable Financing Cash
Listing Terms Cash
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