6196 Federal HwyStuart, FL 34997

Property Details for 6196 Federal Hwy

Year built

1990

Lot size

2.07 AC

Property size (Sq ft)

15,220 SF

Property type

Community centers

APN

36-38-41-004-000-00350-0

APU

363841004000003500

Description

The Palm Springs Center, situated at 6196 SE Federal Highway in South Stuart, Florida, presents a prime retail opportunity. This single-story, 15,220 square foot plaza, built in 1990 and recently renovated, boasts a highly visible location directly on SE Federal Highway, ensuring significant foot and vehicle traffic. Currently, 4,275 square feet of retail space is available for lease, ideal for multiple tenants. The property is zoned LC (Limited Commercial District) within Martin County, allowing for a variety of commercial uses. The plaza's design includes corner units, perfect for businesses seeking maximum exposure. The existing tenancy indicates a successful track record for retail ventures in this location. The substantial square footage offers flexibility for businesses of various sizes and needs. This is an exceptional opportunity to establish or expand a retail presence in a thriving South Stuart location with high visibility and convenient access. The property's recent renovations ensure modern amenities and a well-maintained environment for tenants and customers alike. The strategic location on a major highway guarantees consistent exposure to a large potential customer base. Don't miss this chance to secure your space in this vibrant retail center.

• CAP approach

  CAP return

  Valuation

  6%

  $8,703,700

  6.5%

  $8,034,185

  7%

  $7,460,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,776,920

  Geo Method

  $9,776,920

• Alternative Use

  Use

  Valuation

  Residential

  $6,777,136

  Hospitality

  $6,207,820

  Educational

  $5,164,833

  Medical

  $5,342,460

  Retail

  $8,034,185

Location Insight

City

Stuart

County

Martin

State

Florida

Latitude

27.1284

Longitude

-80.2

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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