For Sale
$2,150,000

701 Tarpon AveStuart, FL 34994

34-Room Building, High ROI, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 7,048 square foot special purpose building in Stuart, Florida, presents a compelling investment opportunity. Located at 701 SE Tarpon Avenue, this 34-unit property boasts a prime location, situated near the Police Station and within a newly zoned redevelopment area. Built in 1958, the property currently generates a gross net operating income of $252,960.00. The existing business model focuses on providing rental rooms to honorably discharged veterans, a niche market offering consistent revenue. The property's strategic location in a rapidly growing city like Stuart, within Martin County (zip code 34994), ensures strong potential for future appreciation. The building's substantial size and established income stream make it an attractive proposition for investors seeking a stable and profitable venture. This is a rare chance to acquire a well-established property in a thriving Florida community, offering both financial returns and the satisfaction of serving a deserving population. The asking price is $2,150,000. The lot size is not specified.

Highlights

  • $2,150,000 asking price.
  • Special Purpose property totaling 7,048 square feet.
  • 34 units.
  • Built in 1958.
  • Located at 701 SE Tarpon Avenue, Stuart, FL 34994.

Property Details for 701 Tarpon Ave

Property type
Specialty properties
Square Feet
7,048 SF
Year Built
1958
Units
34

Location Insight

City
Stuart
County
Martin
State
Florida
Latitude
27.1936706
Longitude
-80.24081
701 Tarpon Ave, Stuart, Florida

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701 Tarpon Ave
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