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

Mixed-use properties

Property subtype

Other investment properties

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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