This 1.08 +/- Acre redevelopment site presents a unique opportunity to capitalize on the $350 million transformation underway in Naples, Florida.* Ideally positioned within East Naples, just minutes from 5th Avenue upscale shopping & dining district (Old Naples), the site will be surrounded by an emerging collection of luxury resorts and residential high-rises, including the JW Marriott Resort & Spa, Avra at Metropolitan Naples, Ascent at Metropolitan Naples, and the Halcyon Residences and Marina.
The highly affluent surrounding area includes nearly 100,000 residents within a 5-mile radius, with an average household income exceeding $120,000 annually. This strong demographic profile continues to support a thriving retail environment and rapidly growing downtown district. Located just minutes from Naples’ renowned beaches, the site is well-positioned to serve both residents and visitors alike.
Strategically situated just off the signalized intersection of Tamiami Trail (US-41) and Palm Street, the property benefits from excellent visibility and traffic counts of approximately 35,500 vehicles per day. The site currently consists of two parcels separated by a county-owned un-improved access ROW, which could potentially be vacated to create a contiguous 1.1+/-acre development opportunity.
The site currently consists of a split residential and mixed-use zoning with potential for a unified mixed use zoning. This would allow for a wide range of development options, including luxury condominiums, a boutique hotel, or a high-end mixed-use project incorporating residential, office, and retail components. This offering presents a compelling opportunity to deliver a premier development in one of Naples’ fastest-growing corridors.
Matt Fenske
SVN | Commercial Advisory Group
