Tamiami Hyundai owner buys, redeveloping King Richard's site

BUYER: Top Hat Imported LLC (principal: Robert Zellers), Naples
SELLER: BIC's Investment Corp.
PROPERTY: 6780 Airport-Pulling Road N., Naples
PRICE: $5.1 million
PREVIOUS PRICE: $1.5 million, March 1997
LAW FIRM ON DEED: Coleman Yovanovich & Koester PA, Naples

PLANS, DESCRIPTION: Auto dealer Robert “Tim” Zellers purchased the King Richard's Family Fun Park on Airport-Pulling Road for $5.1 million.

The price equated to $448,944 per acre. That figure is lower than the two-year average price per acre for retail space ($746,593) in Southwest Florida, according to the CoStar Group.