3544 Federal HwyJensen Beach, FL 34957

Property Details for 3544 Federal Hwy

Year built

1989

Construction

WOOD FRAME

Lot size

1.94 AC

Property size (Sq ft)

9,417 SF

Property type

Turn key restaurants

APN

19-37-41-005-004-00020-9

APU

193741005004000209

Description

This exceptional 1.94-acre outparcel, located at 3544 NW Federal Hwy in Jensen Beach, Florida (zip code 34957), presents a prime retail opportunity. The property boasts a 9,417 square foot, single-story building, formerly a Red Lobster restaurant, built in 1989 and renovated in 2013. The building sits on an 84,506 square foot lot and features 109 parking spaces. Its Class B designation reflects its well-maintained condition. The property enjoys a highly visible location on NW Federal Highway, with daily traffic counts exceeding 47,500 vehicles. Its proximity to Treasure Coast Square Mall, a dominant regional shopping center anchored by Macy's, JCPenny, and Dillard's, further enhances its appeal. The mall itself encompasses over 876,000 square feet and houses 115 retailers. This location benefits from its proximity to Jensen Beach High School and less than four miles from the beach. The property's PUD-C zoning allows for a variety of uses, including restaurants, sporting goods stores, banks, veterinary clinics, medical facilities, showrooms, family entertainment centers, specialty food stores, gyms, and co-working spaces. The property's APN is 19-37-41-005-004-00020-9. The building has a FAR of .11. This is a truly exceptional opportunity for a business seeking high visibility and strong foot traffic in a thriving retail environment.

• CAP approach

  CAP return

  Valuation

  6%

  $5,219,804

  6.5%

  $4,818,280

  7%

  $4,474,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,049,228

  Geo Method

  $6,049,228

• Alternative Use

  Use

  Valuation

  Residential

  $4,064,400

  Hospitality

  $3,722,968

  Educational

  $3,097,466

  Medical

  $3,203,993

  Retail

  $4,818,280

Location Insight

City

Jensen Beach

County

Martin

State

Florida

Latitude

27.2445

Longitude

-80.2727

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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