Basics
Description
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Description:
Exclusive Investment Opportunity – Condo/Hotel Project Designed by MHK Architecture.
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 pool1ST FLOOR
10 units with 2 bedroom, 2 bathrooms, walk-in closet, full kitchen, laundry facilities (3 different floor plans)
Storage units2ND FLOOR
10 units with 2 bedroom, 2 bathrooms, walk-in closet, full kitchen, laundry facilities, balcony (3 different floor plans)
Storage units3RD FLOOR
Show all description
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
- Neighborhoods: LAKE KELLY
- CountyOrParish: Collier
Building Details
- NewConstructionYN: No
Amenities & Features
- ExteriorFeatures: See Remarks
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: No
- PoolPrivateYN: No
- FireplaceYN: No
Ask an Agent About This Home
The data relating to real estate for sale displayed on this Website comes in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc., under License No. 010251216000. Properties listed with brokerage firms other than William Raveis Real Estate, are marked with the “BR House” logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the M.L.S. of Naples, Inc. BR Program, or contained in the database compilation of the M.L.S. of Naples, Inc.
This Land style property is located in Naples is currently and has been listed on NaplesViews.com. This property is listed at $3,499,000. It has bedrooms, bathrooms, and is . The property was built in .