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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.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,950,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $3,160,000 | $3,160,000 | $3,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.125% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.132% | 6.259% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $18,693 | $19,200 | $26,666 |
| Total Monthly Payment | $18,818 | $19,325 | $26,791 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.