1302 5 Ave S Listing Details & Market Data

Nestled along the scenic Naples Bay, this waterfront commercial redevelopment site, currently the site of Kelly’s Fish House Restaurant, is comprised of two buildings: a 2,788± SF restaurant and a 3,488± SF retail establishment, set on a 1.34± acre site. With an impressive 220’ of prime Naples Bay frontage providing direct Gulf of Mexico access, this property is truly exceptional. C2-A zoning offers an unparalleled opportunity for redevelopment, making it an ideal choice for various endeavors such as restaurants, mixed-use with residential components, and diverse commercial uses. The strategic location, coupled with the convenience of a curb cut to US 41, ensures high visibility and effortless access to downtown Naples. Tremendous opportunity to transform this site into a distinguished Naples destination. The property is situated at the heart of the Downtown Naples Redevelopment Area, attracting investments from developers as far as Aspen, CO, and Phoenix, AZ. These investments span a wide range of interests, including retail, residential, and hospitality, with notable brands like Restoration Hardware, Whole Foods, Marriott Hotels, and local companies like The Ronto Group. There is the potential for development of residential units at 8 units per acre, each measuring 4,000 SF, or the option for a 25-unit hotel.