5 Acres Carmichael Road, New Providence Paradise Island
Description
Excellent investment opportunity on Carmichael Road! This 5-acre open-zoned parcel offers 150.04 feet of prime frontage and 250 feet on the southern road reservation, ensuring strong visibility and access. Located west of Gladstone Road in a thriving corridor already 80% developed with commercial and residential projects, the site benefits from high traffic volume and flexible zoning. Directly opposite, the proposed Renaissance residential community highlights ongoing growth in the area. With clear boundaries under Crown Lands Department Plan 251, this property is ideal for retail, apartments, or mixed-use development in one of Nassau's busiest commercial districts.
Where it is
What's on near New Providence Paradise Island
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Climate · Nassau
What's nearby 873 places
Getting there
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Within two kilometres
| Property | Distance | Beds | Asking |
|---|---|---|---|
| Country Club Estates New Providence Paradise Island | 5 min walk | 2 | $215,000 |
| Pick's Condo New Providence Paradise Island | 7 min walk | 1 | $190,000 |
| Bacardi Road Lot New Providence Paradise Island | 1.0 km | — | $399,000 |
| 4 Acres Bacardi Road New Providence Paradise Island | 1.2 km | — | $1,350,000 |
| Carmichael Road Plaza New Providence Paradise Island | 1.2 km | — | $2,200,000 |
| Carmichael Road New Providence Paradise Island | 1.3 km | — | $420,000 |
Straight-line distances from the coordinates each agent published, so treat a walking time as indicative. Look at the site on Google Earth
How this one compares
6 other properties in New Providence Paradise Island advertised at within 25% of this price. Their median asking price is $2,250,000 — this one is asking the same. Asking prices only; nobody has paid these.
| Property | Where | Beds | Asking | vs this one |
|---|---|---|---|---|
| Saffron Hill Subdivision, Unit Lot 9 | New Providence Paradise Island | 5 | $2,250,000 | same |
| 737 West Bay Street | New Providence Paradise Island | 3 | $2,250,000 | same |
| Columbus Cove, Unit 601 | New Providence Paradise Island | 7 | $2,200,000 | -2% |
| Carmichael Road Plaza | New Providence Paradise Island | — | $2,200,000 | -2% |
| Tonique Williams-darling Parcel 5 -- 5.608 Acres | New Providence Paradise Island | — | $2,200,000 | -2% |
| Delaporte Residences, Unit 3A | New Providence Paradise Island | 3 | $2,375,000 | +6% |