Group buys commercial complex in historic area for nearly $5M

Investors plan to renovate the property and seek additional tenants.

By Business Observer Staff
| 9:34 a.m. April 30, 2021
| 0 Free Articles Remaining!

Courtesy. Side view of the property located at 1100 Sixth Ave. S. in Tin City, recently purchased by The Shoppes at Dockside LLC.

Charlotte–Lee–Collier

NAPLES — An investment group and employee trust has acquired a four-building mixed-use commercial complex in the Tin City area of Naples — saving it from potentially being redeveloped into condos.

The buyers, under the entity The Shoppes at Dockside LLC, paid $4.89 million for the 22,000-square-foot property at 1100 6th Ave. S., according to Collier County property records. A mix of office, retail and restaurant space, with buildings dating to 1984, the complex, Dockside Shoppes, is currently 33% occupied, according to a statement. Tenants include Mino Italian Pizzeria, The Parrot Bar and Grill and more.