37.5 Acres in Naples, FL - $9,900,000

Sonoma Oaks PUD | Naples, FL

The subject is located in a highly desirable area where a large percentage of new growth is concentrated in Collier County. Although there are numerous new single family developments in the area, multifamily housing is grossly underserved and is in high demand. The new $24 million NCH healthcare facility that opened in December 2015, located 1.5 miles away on the NE corner of Collier Blvd. (951) and Immokalee Road, will give the subject site greater appeal to ALF providers as well. The new facility will have an emergency room and be open 24/7. Strong general population growth in the area will also lend to future commercial demand.

A Sweetbay grocery is located directly south of the subject property. Nearby shopping centers include Mercato 6.5 miles away and Waterside Shops 9.2 miles away.

Area: 37.5 acres (28.12 Acres Residential/ALF and 9.38 Acres Commercial)

Price: $9,900,000

Resid...