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Pine Ridge Rd - Signalized Hard Corner
4.78 Acres of Commercial Land Offered at $4,400,000 in Naples, FL 34116
Investment Highlights
- High traffic signalized intersection
- Many uses allowed, subject to amending the GGAMP or rezoning
- Lot 2 includes a pool home that generates $3,700/month gross rent
- Excellent visibility and access from three road frontages
- 41,000 AADT on Pine Ridge Rd and 27,500 AADT on Logan Blvd S
Property Facts
| Price | $4,400,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 4.78 AC |
| Price | $4,400,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 4.78 AC |
1 Lot Available
Lot 1 & 2
| Price | $4,400,000 | Lot Size | 4.78 AC |
| Price Per AC | $920,502 |
| Price | $4,400,000 |
| Price Per AC | $920,502 |
| Lot Size | 4.78 AC |
Description
This two lot assemblage totaling 4.78± acres is situated at the SE corner of the signalized intersection of Pine Ridge Road and Logan Boulevard S, a high traffic intersection boasting almost 70,000 vehicles per day and surrounded by both established and growing residential communities. Excellent visibility and access from three road frontages, Pine Ridge Road, Logan Boulevard S and Boxwood Way. Subject to amending the GGAMP (Golden Gate Area Master Plan), the current Estate District zoning has the potential of being developed into an ALF project, Place of Worship, School, Nursing Home, and more. The site also offers the potential for Commercial, Gas Station, Car Wash, Drug Store, or Retail Center, subject to rezoning as well as amending the GGAMP. Lot 2 has a tenant occupied, 1,760± SF, 3-bedroom, 2-bathroom pool home built in 1989, that generates $3,700/month gross rent with a lease that expires on May 21, 2024.
PROPERTY TAXES
| Parcel Number | 38391240004 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $245,799 |
PROPERTY TAXES
zoning
| Zoning Code | E |
| E |
Presented by
Pine Ridge Rd - Signalized Hard Corner
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