Investors Dream: Prime multi-family lakefront development opportunity in Naples, Florida. This property comprises a total of 1.54 acres with existing zoning potential for 21 units – APARTMENTS OR CONDOS! This is your chance to seize a golden opportunity in one of Naples most sought-after locations, just minutes to 5th Ave shopping and beaches. Nestled on a private road within Kings Lake, this unprecedented opportunity includes 3 parcels of land and 4 townhomes. Apart from the copious amount of undeveloped land, the townhomes present unique building design, with two floors, a private detached garage, a patio, and a private in ground pool. The two middle units feature an upper level balcony and a bonus loft area. The two end units feature a large portrait window and more patio space. All units offer two bedroom and two bathrooms, spacious kitchens, a laundry room, guest parking, open main living area that leads to each private patio. With a strong local rental market and property appreciation this expansive lot offers an unparalleled canvas for expansion and profit.
Property Type :
Residential Income
Subdivision :
Kings Lake
County :
Collier
Style :
Residential Income
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ByOwner last updated this listing 05/04/2024 @ 04:26
MLS: 223067016
LISTED BY: Debbie Schwartz, Premier Sotheby's Int'l Realty
SOURCE: SWFL
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
