611 Federal Hwy Stuart, FL 34994

Northgate Plaza, a well-maintained 13,785 square foot office complex in Stuart, Florida, presents a compelling investment opportunity. Located at 611 SW Federal Hwy, this single-building property boasts a prime location on a highly visible and accessible section of SE Federal Highway, within Martin County. Currently housing 11 tenants with an 89% occupancy rate, the diverse tenant mix includes executive, medical, and traditional office spaces, ensuring a stable income stream. The property's strong financial performance is reflected in its $217,444 Net Operating Income (NOI) and a 6.50% capitalization rate. Built in 1983, the property sits on a 0.95-acre lot (APN: 05-38-41-006-001-00050-4) and is zoned for Urban Highway/Urban Neighborhood use. Recent improvements include brand new HVAC units installed in 2022 and a recently restriped and sealed parking lot, minimizing future capital expenditures. The property's strong market fundamentals, coupled with its excellent location and diverse tenant base, offer a stable cash flow and potential for future appreciation. The asking price is $3,345,302. This turn-key investment is ideal for those seeking a well-positioned, income-generating asset in a thriving commercial corridor.