Charleston Square Listing Details & Market Data

Prestigious Location Facing the Gulf of Mexico & Lowdermilk ParkLee & Associates l Naples-Fort Myers, as exclusive listing agents, are pleased to present the investment opportunity to purchase Charleston Square, an extremely rare, multi-tenant, mixed-use, asset located at the corner of Gulf Shore Boulevard North and Banyan Boulevard in Naples, Florida. Charleston Square is a waterfront mixed-use property between Lowdermilk Park to the west and Hurricane Harbor to the east. These Class A buildings have more than 459’ of frontage on Gulf Shore Boulevard N. and 467’ of frontage on Banyan Boulevard at a signalized intersection. The 3.03 acres of professionally manicured grounds consist of two buildings. The “Courtyard Building” fronting Gulf Shore Boulevard is a three-story mixed-use building. The fee simple commercial first floor of the Courtyard Building contains 14 units totaling 23,032 rentable square feet (RSF). The second and third floors of this building are a separate residential condominium and not part of the sale. The “Bay Building” is a two-story commercial building totaling 19,563 RSF of mixed-use retail and office. The asset has excellent income history with a projected net operating income for 2024 – 2025 of more than $1.25 million.