3824 Tollhouse Dr Naples, FL 34114-0101
- Retail space
- 1,780 SF
- 0.97 lot acres
Jun 10, 2021
Current Use by Public Records
- Waffle House / Breakfast Restaurant / American Restaurant
Property Details for 3824 Tollhouse Dr
- Year built
- 1994
- Lot size
- 0.97 lot acres
- Property size
- 1,780 SF
- Zone code
- PUD
- Property type
- Retail space
- APN
- 76885050306
- APU
- 76885050306
Description
This exceptional 1,780 sq ft retail property, situated on a 0.97-acre lot (42,046 sq ft) at a signalized intersection in Naples, FL (3824 Tollhouse Dr, 34114), presents a unique investment opportunity. Currently, a Waffle House occupies half the space, operating under a NNN lease with 5 years remaining and tenant options in place, generating a steady income stream. The property boasts a prime location, adjacent to I-75 (exit 101), experiencing high visibility with over 101,000 vehicles per day. Its designation within the city's "Innovation Zone Overlay" and Tollgate PUD zoning provides significant potential for future development on the remaining 0.5-acre parcel. The asking price is $2,500,000, representing a price per square foot of $1,404.49 and a 1.00% cap rate based on current occupancy of 50%. Seller financing is available at 50%. The property's strategic location across from a Walmart Supercenter further enhances its appeal and potential for growth. This is an ideal opportunity for investors seeking a blend of immediate income and significant long-term development potential in a high-growth area of Naples.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,780,000
- ML approach
- $1,595,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,494,000
Market price range: $499k - $1.49M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Naples
- County
- Collier
- State
- Florida
- Longitude
- -81.6857
- Latitude
- 26.1553
- CBSA code
- 34940
- CBSA name
- NAPLES-MARCO ISLAND, FL METROPOLITAN STATISTICAL AREA
