1630 Jensen Beach BlvdJensen Beach, FL 34957

Property Details for 1630 Jensen Beach Blvd

Year built

1989

Lot size

0.61 AC

Property size (Sq ft)

3,224 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

22-37-41-010-000-00501-2

APU

223741010000005012

Description

This vacant industrial property, located at 1630 NE Jensen Beach Blvd, Jensen Beach, FL 34957, presents a compelling value-add investment opportunity. Situated on a 0.61-acre lot (approximately 26,780 square feet), this 3,000-3,500 square foot building (3,224 net rentable square feet) boasts a prime location along a high-traffic road, averaging approximately 20,000 vehicles daily. Built in 1989, the property is zoned commercial and offers exceptional visibility due to its proximity to well-known national retailers. The property's previous use was as a car wash, making it suitable for similar ventures or adaptive reuse. This rapidly growing area presents a unique chance to capitalize on high traffic counts and strong commercial potential. The asking price is $1,300,000. The property is currently vacant, allowing for immediate development or lease. This is an excellent opportunity for investors seeking a value-add project in a high-demand location. Martin County location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,845,402

  6.5%

  $1,703,448

  7%

  $1,581,773

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,071,011

  Geo Method

  $2,071,011

• Alternative Use

  Use

  Valuation

  Residential

  $1,436,922

  Hospitality

  $1,316,213

  Educational

  $1,095,074

  Medical

  $1,132,735

  Retail

  $1,703,448

Location Insight

City

Jensen Beach

County

Martin

State

Florida

Latitude

27.2432

Longitude

-80.2307

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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