UPDATED:
Key Details
Property Type Vacant Land, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Lake Kelly
MLS Listing ID 225069858
HOA Y/N No
Annual Tax Amount $1,842
Tax Year 2024
Lot Size 0.510 Acres
Acres 0.51
Lot Dimensions Appraiser
Property Sub-Type Commercial
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
Community Lake Kelly
Area Na09 - South Naples Area
Direction West
Rooms
Bedroom Description NaN
Interior
Furnishings Furnished
Fireplace No
Exterior
Community Features Non- Gated, See Remarks
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection, Underground Utilities, Water Available, Water Not Available
Amenities Available See Remarks
Waterfront Description None
Water Access Desc None
Present Use Commercial
Garage No
Building
Lot Description See Remarks
Faces West
Sewer Public Sewer
Water None
Others
HOA Fee Include See Remarks
Senior Community No
Tax ID 53353320002
Acceptable Financing Cash
Disclosures Owner Is Listing Agent
Listing Terms Cash
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EverySWFLHome Team
Broker / Team Leader | License ID: BK3449476
Broker / Team Leader License ID: BK3449476