Mystery Buyer Checking Out $25-Mil Grand Central Station Site

NAPLES, FL-Grand Central Station, a 158,000-sf commercial site now leased to a physicians’ wellness clinic, held promise over the past several years as the possible linchpin in the city’s proposed 41/10 Redevelopment District.

Although local politics has altered the scope of the 625-acre community redevelopment district, the 18-acre site at the intersection of US 41 Highway and Tenth Street appears ripe for rehabilitation if a so-far unidentified buyer follows through on a contract to buy the property from Naples Community Hospital Inc. The nonprofit community group listed the property for sale last September for $25 million.

“We do have it under contract, and we’re about halfway through the due diligence,” R. Scott Cameron, principal of Naples-based Cameron Real Estate Services Inc., tells GlobeSt.com. If the acquisition proceeds on schedule, Cameron expects the buyer to complete the due-diligence report within the next 30 days. Closing is scheduled for 60 days afterward.