For Sale
$1,500,000

0 Kanner HwyStuart, FL 34997

28-Unit Development Opportunity in Florida

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 1.36-acre site, located on S Kanner Highway in Stuart, Florida (APN: 09-38-41-021-000-00020-0), presents a rare chance to develop a 28-unit apartment building. Zoned RPUD, this fully entitled property boasts an approved site plan and includes an access agreement for convenient entry. The site's high-density residential zoning allows for efficient development. Situated just five minutes from downtown Stuart and Palm City, the location offers residents proximity to numerous amenities, highly-rated Martin County schools, and the Cleveland Clinic. Excellent access to I-95 and Florida's Turnpike via Kanner Highway ensures convenient commuting. Priced at $1,500,000 ($53,571 per unit), this opportunity is ideal for investors seeking a high-return multifamily development project in a thriving Florida market. The future land use designation includes Office Residential. This is one of the few remaining residential development sites in Stuart, making this a truly unique investment.

Highlights

  • Mixed-Use Zoning: Allows for both office and residential development.
  • Prime Location: Excellent accessibility and visibility.
  • High-Density Potential: Supports significant building density.

Property Details for 0 Kanner Hwy

Property type
Apartment buildings
Lot Size (sq. ft)
59,242 SF
Units
28

Location Insight

City
Stuart
County
Martin
State
Florida
Latitude
27.1437473
Longitude
-80.2460309
Kanner Hwy, Stuart, Florida

FAQs

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0 Kanner Hwy
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