3371 Martin Downs BlvdPalm City, FL 34990

Property Details for 3371 Martin Downs Blvd

Year built

2007

Lot size

0.81 AC

Property size (Sq ft)

5,679 SF

Property type

Office properties

Property subtype

Other office properties

APN

13-38-40-039-000-00010-0

APU

133840039000000100

Description

This exceptional 5,721 square foot mixed-use building in Palm City, Florida, presents a lucrative investment opportunity. Built in 2007, the property boasts two units totaling 5,721 square feet. One unit, comprising 2,690 square feet, is currently leased until September 2027, providing immediate income. The second unit, offering 3,031 square feet, is available for lease or owner-occupancy upon closing. This space is currently configured as a high-end salon, featuring areas for hairstyling (up to 13 stations), massage, aesthetics, manicures, and pedicures, along with a reception area and retail space. The building is in excellent condition, featuring a new roof (2023) and new AC units (2022 & 2023). Its strategic location on a major Palm City thoroughfare provides easy access to the Florida Turnpike and I-95, ensuring high visibility and convenient access for clients and employees. The property is situated at 3371 SW Martin Downs Boulevard, Palm City, FL 34990. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving location. The asking price is $2,395,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,005,877

  6.5%

  $1,851,579

  7%

  $1,719,324

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,447,634

  Geo Method

  $1,447,634

• Alternative Use

  Use

  Valuation

  Residential

  $2,295,958

  Hospitality

  $2,103,085

  Educational

  $1,749,742

  Medical

  $1,809,919

  Retail

  $2,721,822

Location Insight

City

Palm City

County

Martin

State

Florida

Latitude

27.1644

Longitude

-80.3014

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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