For Sale
$5,000,000

Cove Rd Stuart, FL 34997

16.2 Acres, $5M, Development Opportunity

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 16.2-acre commercial land parcel presents a compelling investment opportunity in Stuart, Florida. Situated at the highly visible, signalized intersection of Cove Road and Willoughby Boulevard in Martin County, this property enjoys a prime location just one block from the Cleveland Clinic. The land is zoned for Limited Commercial (Cor-2) with a Future Land Use designation of Commercial/Office/Residential, offering flexibility for a variety of development projects. Water and sewer utilities are readily available through Martin County Utilities. Ideal for a medical office campus or subdivision, this site allows for low-intensity commercial uses. The asking price of $5,000,000 reflects a significant discount to facilitate a swift sale, with terms requiring a due diligence and closing period not exceeding 150 days total. This strategic location, combined with the favorable zoning and discounted price, makes this a rare opportunity for significant return on investment. The property's address is the northeast corner of Cove Road and Willoughby Boulevard, Stuart, FL 34997.

Highlights

  • 16.2-acre commercial land parcel in Stuart, FL, at the signalized intersection of Cove Road and Willoughby Boulevard.
  • Prime location one block from Cleveland Clinic.
  • Zoned Limited Commercial (Cor-2) with Commercial/Office/Residential Future Land Use designation.
  • Water and sewer readily available.
  • $5,000,000 asking price with a 150-day closing period.

Property Details for 0 Cove Rd

Property type
Land

Location Insight

City
Stuart
County
Martin
State
Florida
Latitude
27.127760517049
Longitude
-80.222693642307

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FAQs

What type of property is this?
Land - 16.2 Acres, $5M, Development Opportunity
Where is the land located?
The property is located at Cove Rd Stuart, FL.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 16.2-acre commercial land parcel in Stuart, FL, at the signalized intersection of Cove Road and Willoughby Boulevard.; Prime location one block from Cleveland Clinic.; Zoned Limited Commercial (Cor-2) with Commercial/Office/Residential Future Land Use designation.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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Contacts

Nikolaus Schroth
Nikolaus Schroth
James McKinney
James McKinney
Jeff Allman
Jeff Allman

Learn more

Useful Information

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Cove Rd
Stuart, FL 34997

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Cove Rd
Stuart, FL 34997

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

0 Cove Rd
  • Nikolaus Schroth
    Nikolaus Schroth
  • James McKinney
    James McKinney
  • Jeff Allman
    Jeff Allman
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