11810 Dixie HwyHobe Sound, FL 33455

Property Details for 11810 Dixie Hwy

Year built

2020

Lot size

0.17 AC

Property size (Sq ft)

5,220 SF

Property type

Investment properties

Property subtype

Live-work space

APN

34-38-42-029-019-03810-2

APU

343842029019038102

Description

This exceptional 5,220 square foot retail building, constructed in 2020, presents a unique investment opportunity in Hobe Sound, Florida. Situated on a 0.17-acre lot (APN 34-38-42-029-019-03810-2) and zoned for Hobe Sound Redevelopment, the property features a two-story structure with ample parking. The building offers a versatile layout ideal for multiple tenants, including a built-out coffee shop complete with a grease trap. Three private executive offices with a separate entrance provide additional income potential. A significant amenity is the inclusion of a 1,200 square foot community room and a shared conference room, enhancing the property's appeal to a wide range of businesses. A spacious covered back patio/porch adds outdoor space. The property's location benefits from proximity to national and local retailers, ensuring high visibility and foot traffic. This is a rare opportunity to acquire a modern, well-appointed retail building in a thriving Florida community. The address is 11810 SE Dixie Hwy, Hobe Sound, FL 33455.

• CAP approach

  CAP return

  Valuation

  6%

  $2,098,869

  6.5%

  $1,937,417

  7%

  $1,799,030

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,330,630

  Geo Method

  $1,330,630

• Alternative Use

  Use

  Valuation

  Residential

  $2,402,398

  Hospitality

  $2,200,583

  Educational

  $1,830,859

  Medical

  $1,893,826

  Retail

  $2,848,004

Location Insight

City

Hobe Sound

County

Martin

State

Florida

Latitude

27.06

Longitude

-80.1296

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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