775 1St AveNaples, FL 34102

Property Details for 775 1St Ave

Year built

1975

Lot size

0.48 AC

Property size (Sq ft)

4,600 SF

Zone code

NAPLES

Property type

Office properties

Property subtype

Office buildings

APN

14042200003

APU

14042200003

Description

This exceptional single-story medical office building, totaling 4,600 square feet, presents a unique investment opportunity in the vibrant heart of Downtown Naples, Florida. Located at 775 1st Ave N, Naples, FL 34102, this property boasts a highly desirable location, just one block from the NCH Baker Campus and less than a mile from the bustling 5th Avenue South. The building is zoned for medical use, ensuring its suitability for a wide range of healthcare practices. With an asking price of $3,795,000, this translates to a price per square foot of $825, reflecting the premium location and the strong demand for medical office space in this thriving area. The property's convenient access to major healthcare facilities and the city's vibrant commercial center makes it an ideal location for established medical practices seeking expansion or new ventures looking to establish a presence in a high-traffic area. The single-story design offers ease of access and functionality, while the permitted medical zoning ensures compliance and operational efficiency. This is a rare opportunity to acquire a well-situated, high-demand medical office building in one of Florida's most sought-after locations. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,220,197

  6.5%

  $1,126,335

  7%

  $1,045,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $922,804

  Geo Method

  $1,606,877

• Alternative Use

  Use

  Valuation

  Residential

  $1,396,656

  Hospitality

  $1,279,329

  Educational

  $1,064,387

  Medical

  $1,100,993

  Retail

  $1,655,713

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.1486

Longitude

-81.7974

CBSA code

34940

CBSA name

NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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