You can’t find a more centrally located 3.91 acres of land zoned for multi family use in all of North Naples. Currently open as a horse training facility with long term tenant paying $60,000 a year triple net. Tenant would like to stay as long as possible but can be asked to leave with 90 day notice. Opportunities like this don’t come up often! Motivated sellers.
Location, location, location! It is located on the northeast corner of Livingston Road and Vanderbilt Rd. Newly built Sandalwood Village is located next door on the East side of the property. It is 164 units of high end apartments and in just 4 months is all ready 25% occupied. The Ritz Carlton Golf Resort and Tiburon golf course is the Northern border providing pristine views for any new project. Just to the west of the property is Bradford Square. Opening this year, it is all-inclusive, resort-style community providing adults 55+ a country club lifestyle with around-the-clock service.