Olde Naples 5th ave area freestanding Office & redevelopment
Class A location office space CRA zone Downtown Olde naples
Marketing description
Excellent opportunity to acquire Class A location office space.
(Potential Seller Held financing.)
With Rare medical-approved Parking ratio West of 41 on
Central Ave is walking distance to 5th Ave. The first-floor single-tenant, free-standing medical office is rare.
This commercial office is ready for its first new tenants or owner occupant.
Location Desc.: Steps away from historic downtown Naples,
located on a newly developed street with good foot traffic
Upside: Zoning: O Under the CRA overlay zone. Redevelopment for Typical mixed use, (2 stories for medical ).
Lease rates $55 to 60 p sqft inplace. Compstack Lease reports.
Comps:
560 9th st south - Lola 41 Restaurant
944 7th ave N - Smith Organic's
110 9th S - (Us 41) Modani Napes.
Tax bill $7,705.11 2022
Sign the NDA and request the OM
Web link -
www.CreNaples.com
Investment highlights
Potential to purchase the whole corner block 15,500 ft at 10 million.
This would allow a typical three-story mixed use multi-family and retail office building at approximately a FAR 1.5
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