852 5Th AveNaples, FL 34102

Property Details for 852 5Th Ave

Year built

1945

Lot size

0.17 AC

Property size (Sq ft)

4,842 SF

Zone code

NAPLES

Property type

Retail properties

Property subtype

Retail space

APN

19011960007

APU

19011960007

Description

This exceptional restaurant property, located at 852 Fifth Avenue South in the heart of downtown Naples, Florida (zip code 34102), offers a unique investment opportunity. The existing single-tenant building boasts 5,025 square feet on a 7,500 square foot lot (0.17 acres). The property includes 10 parking spaces and is zoned B1. The current building is situated on a prominent corner lot, with a cross street of 852 Fifth Avenue South. Annual property taxes are $7 per square foot. Significant expansion potential exists, with the possibility of adding 500 square feet to the existing structure and an additional 1,500 square feet of outdoor lanai space. Furthermore, the property allows for the addition of a second and third floor, presenting a unique opportunity for redevelopment into a larger, multi-story establishment. The owners are open to considering various uses, including a high-end retail tenant, and pricing will be determined based on the tenant's specific needs and the scope of any proposed redevelopment. This prime location in bustling downtown Naples offers exceptional visibility and access to a thriving customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $1,888,053

  6.5%

  $1,742,818

  7%

  $1,618,331

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,447,806

  Geo Method

  $4,262,481

• Alternative Use

  Use

  Valuation

  Residential

  $1,470,132

  Hospitality

  $1,346,633

  Educational

  $1,120,383

  Medical

  $1,158,915

  Retail

  $1,742,818

Location Insight

City

Naples

County

Collier

State

Florida

Latitude

26.1415

Longitude

-81.7954

CBSA code

34940

CBSA name

NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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