Sold Price

$2,575,000

Listing Price

$2,645,000

Closing Date

Jun 11, 2021

MLS#

218057749

Status

CLOSED

Bedrooms

2

Beds + Den

2 Bed

Bathrooms

2

Living Sq. Ft

1,000

Property Class

Condo

Building Design

2 Story

County

Collier

Region

NA06 - Olde Naples Area

Development

Olde Naples

Building Name

North Port Cove

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 ($260SF)EACH 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 $68K GROSS YEARLY. REAL AVERAGE VALUE ON MARKET:$2,880,300.

Additional Information

Year Built

1978

Carport Spaces

1

furnished

Unfurnished

Pets

No

Amenities

None

Waterfront Description

None

Acres

0.33

Restrictions

None/Other

Rear Exposure

N

Roof

Shingle

Flooring

See Remarks

Cooling

Ceiling Fan(s), Central Electric, Other

Interior Features

Other

Equipment/Appliances Included

None

Rooms

See Remarks

Tax Year

2019

Elementary School

Lake Park Elementary

Middle School

Gulfview Middle School

High School

Naples High School