This charming cottage-style residence on a .22-acre lot is just a 10 minute walk to the beach and presents an exceptional opportunity for investors and builders seeking a site for a thoughtfully designed Luxury residence. The investment opportunity for 442 Central Avenue centers on the land and its redevelopment potential. Envision a custom home with spacious interiors, seamless indoor-outdoor living, and architectural details that capture the COASTAL LIFESTYLE located at the beginning of the Naples renown Cultural center and Art District. Whether developing for resale, creating a private retreat or creating seasonal income, this is your opportunity! The property is located outside the designated Flood Zone and is considered to be in the X500 Zone. NO FLOODING from hurricane Irma or Milton. Central Ave offers a Royal Palm lined street with ample street parking for overflow guests, proximity to 5TH Avenue for boutiques, restaurants, and entertainment, with a hospital conveniently located approximately a quarter mile away. Bring your Architect, Builder, or renovation vision to explore both paths: new construction or an income-producing Coastal Retreat. Redevelopment and rental use are subject to applicable zoning, permitting, and rental requirements. Schedule your private showing today!