12360 Dixie HwyHobe Sound, FL 33455

Property Details for 12360 Dixie Hwy

Year built

1973

Lot size

0.10 AC

Property size (Sq ft)

800 SF

Property type

Retail properties

Property subtype

Retail space

APN

26-39-42-001-001-00440-0

APU

263942001001004400

Description

This exceptional 1.03-acre parcel presents a unique development opportunity in the heart of Hobe Sound, Florida. Located within the Hobe Sound Redevelopment Zoning District, this property offers significant potential for various uses. A conceptual plan suggests the possibility of developing eight single-family residential building lots, aligning with the area's residential character. However, the zoning also permits a range of other possibilities, including mixed-use developments, multi-family residences (up to 10 units per acre), restaurants, or even a work-live concept, providing considerable flexibility for the discerning investor. All utilities are readily available, and the property benefits from convenient on-street parking and access via a paved road. Situated in the central downtown business district, this location offers excellent visibility and proximity to local amenities. The property currently includes an existing 800-square-foot office building with associated parking, providing immediate income potential or space for development planning. The property's address is 12360 SE Dixie Hwy, Hobe Sound, FL 33455, with the APN 26-39-42-001-001-00440-0. This rare opportunity is priced at $3,699,000 and offers a compelling investment prospect for those seeking to capitalize on the growth and desirability of Hobe Sound. The Martin County location provides easy access to local attractions and the vibrant Florida lifestyle.

• CAP approach

  CAP return

  Valuation

  6%

  $472,962

  6.5%

  $436,580

  7%

  $405,396

• Comparable approach

  Method

  Valuation

  Relative Method

  $513,899

  Geo Method

  $513,899

• Alternative Use

  Use

  Valuation

  Residential

  $368,272

  Hospitality

  $337,335

  Educational

  $280,659

  Medical

  $290,311

  Retail

  $436,580

Location Insight

City

Hobe Sound

County

Martin

State

Florida

Latitude

27.0533

Longitude

-80.1234

CBSA code

38940

CBSA name

PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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