For Sale
$3,345,302

611 Federal HwyStuart, FL 34994

Prime Stuart Office, High Occupancy, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
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.

Highlights

  • High-visibility location on SE Federal Highway in Stuart, FL, offering strong traffic counts and easy access.
  • Diverse tenant mix of medical and professional services provides stable, diversified income.
  • Recently upgraded HVAC systems (2022) and resealed parking lot enhance curb appeal and reduce maintenance.
  • Excellent condition minimizes future capital expenditures; a turnkey investment.
  • Strong Stuart, FL market with growing demand for medical and professional office space.
  • Stable cash flow from established tenants and high occupancy.

Property Details for 611 Federal Hwy

Property type
Office properties, Medical offices
Square Feet
13,785 SF
Year Built
1983
Buildings
1
Lot Size (sq. ft)
41,382 SF

Location Insight

City
Stuart
County
Martin
State
Florida
Latitude
27.194591179322
Longitude
-80.256838303554
611 Federal Hwy, Stuart, Florida

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611 Federal Hwy
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