835 11th AVE S For Sale

Naples, FL 34102 - Olde Naples

$2,599,500

Reduced - $375,500

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.

Address

  • Address: 835 11th AVE S
  • City: Naples
  • State/Country: Florida, United States
  • Zip: 34102
  • Community: Olde Naples
  • Community Type: No Subdivision
  • Subdivision: North Port Cove

Detail

Information last updated on Sunday, November 15th, 2020 at 01:25 PM

  • MLS ID: 218057749
  • Price: $2,599,500
  • Property Size: 1,000 Sq Ft
  • Bedrooms: 2
  • Bathrooms: 2
  • Garage Spaces: 0
  • Year Built: 1978

Additional details

  • Acres: 0.33
  • Approx Living Area: 1000
  • Baths Full: 2
  • Baths Total: 2
  • Bedrooms: 2 Bed
  • Beds Total: 2
  • Cable Available YN: 1
  • Carport Spaces: 1
  • CDOM: 1180
  • Created Date: September 1st, 2018
  • Current Price: $2,599,500
  • DOM: 756
  • List Price: $2,599,500
  • Lot Unit: 2
  • Mandatory HOAYN: 1
  • MLS Number: 218057749
  • Num Unit Floor: 2
  • Original List Price: $2,975,000
  • Parcel Number: 14500080008
  • Postal Code: 34102
  • Price Per Sq Ft: $2,600
  • Section: 10
  • Taxes: $2,882
  • Tax Year: 2019
  • Total Area: 1000
  • Total Floors: 2
  • Unit Number: 2
  • Unitsin Building: 4
  • Unitsin Complex: 4
  • Year Built: 1978

Vital Information

Single Family

  • Size: 1,000 sqft
  • Beds: 2 Bed
  • Baths: 2
  • Price: $2,599,500

Virtual Tours

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Broker Reciprocy

The source of this real property information is the copyrighted and proprietary database compilation of the Southwest Florida MLS organizations Copyright 2020 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.

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