11103 Tamiami Trl Naples, FL 334113
- Motels
- 3,895 SF
- 0.53 lot acres
Current Use by Public Records
- The Willough Residental Location / Lodging
Property Details for 11103 Tamiami Trl
- Year built
- 1958
- Lot size
- 0.53 lot acres
- Property size
- 3,895 SF
- Zone code
- C-4
- Property type
- Motels
- APN
- 62040240004
- APU
- 62040240004
Description
This exceptional investment opportunity presents a 13-room hotel situated on a 0.53-acre lot in the desirable Naples, Florida market. The property boasts a total of 3,992 square feet of space, spread across two single-story buildings, constructed in 1958. Priced at $1,700,000, this translates to a price per square foot of $426. Located at 11103 Tamiami Trail East, Naples, FL 334113, in Collier County, the hotel benefits from a strong local demographic. The surrounding area shows significant potential, with a population of 24,383 exhibiting an 11.3% growth since 2010 and a population density of 733 people per square mile. The median age is 52.9, and there are 10,341 households with an average size of 2 people. The median home sale price is $355,600, with a median year built of 2002. The residential market demonstrates a 17.4% annual turnover rate, with 22.39% of housing rented, 25.37% vacant, and 52.24% owner-occupied. This established hotel presents a compelling opportunity for investors seeking a foothold in the thriving Naples hospitality sector. The property's size and location offer significant potential for growth and return on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.7327
- Latitude
- 26.0914
- CBSA code
- 34940
- CBSA name
- NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA
