Inn on Fifth's McCabe buys parking lot for future

By Business Observer Staff
| 9:33 a.m. September 27, 2013
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Charlotte–Lee–Collier

BUYER: McCabe Family Limited Partnership (Gulf Shore Investment Properties Inc.), Naples
SELLER: WR Development II LLC
PROPERTY: 760 Third Ave. S. and 3000 Eighth St. S., Naples
PRICE: $2.5 million
PREVIOUS PRICE: $2.8 million, May 2006
LAW FIRM ON DEED: Cohen & Grigsby PC, Naples

PLANS, DESCRIPTION: Naples developer Phil McCabe purchased a parking lot at the corner of Third Avenue South and Eighth Street South for $2.5 million.

The price equated to $87 per square foot for the land.