5th Ave District Olde Naples Medical Office- Gold Demographics- CRE Redevelopment

Highlights:

• (Potential Seller Held financing.)
• Rare medical-approved Parking ratio West of 41
• Walking distance to 5th Ave
• Downtown D Zoning
• Upside: Redevelopment for Typical 3 story over fema/parking mixed use
• Medical Office, Law Office,Pharmacy, Medical supplies, Mental Health,Financial Planner,

Description:

Excellent opportunity to acquire Class A location office space. (Potential Seller Held financing.) With Rare medical-approved Parking ratio West of 41 on the corner of Central Ave and 8 th street, walking distance to 5th Ave.
The first-floor single tenant, free standing 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: Redevelopment for Typical mixed use,(2 stories and 4500 sq for current size site office) or three stories mixed use and 42 feet in height if the whole corner is purchased. Potential to purchase the whole corner block with 15,500 sq ft ft at $7 million.
Use's Law Office, Financial Planner, Family Office, Hedge fund, Private Banking,Medical,Dental, Pharmacy, Day care school,Vet, and similar :as is: use's.
Zoning: O Under the CRA overlay zone. Tax bill $7,705

Lease rates $42 p sqft avg per 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.

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