5650 Melrose Ln., Naples, FL 34114

Hard to find income producing 8.62 acres in town! Property currently has a cell tower lease that produces $1092.00 a month and escalates at 3% annually (over $300,000 throughout term of the lease). Situated in the ever expanding area off of Sabal Palm and Collier Blvd, this property has its own private road and endless possibilities for the right person looking to build a home or company looking to build a small community. Current structures include a home and out building in need of some TLC. With plenty of space for a home and guest home, this is the perfect opportunity to build your family's new estate with easy access to Naples and Marco Island!