Hard to find income producing 8.62 acres in town! Property currently has a cell tower lease that produces $1092.00 a month and escalates at 3% annually (over $300,000 throughout term of the lease). Situated in the ever expanding area off of Sabal Palm and Collier Blvd, this property has its own private road and endless possibilities for the right person looking to build a home or company looking to build a small community. Current structures include a home and out building in need of some TLC. With plenty of space for a home and guest home, this is the perfect opportunity to build your family's new estate with easy access to Naples and Marco Island!
Information last updated on Friday, October 29th, 2021 at 03:00 PM
The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2024 Southwest Florida MLS organizations. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
The data relating to real estate for sale on this limited electronic display come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than Equity Realty are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program.
5650 Melrose LN Naples, FL 34114
$690,000
