1320 Federal HwyStuart, FL 34994

Property Details for 1320 Federal Hwy

Year built

1986

Lot size

0.61 AC

Property size (Sq ft)

10,741 SF

Property type

Office properties

Property subtype

Other office properties

APN

09-38-41-000-000-00104-0

APU

93841000000001040

Description

Heritage Hall Office Suites, located at 1320 SE Federal Hwy in Stuart, Florida, presents a fantastic opportunity for businesses seeking versatile office space. This two-story, 10,741 square foot building, constructed in 1986 and extensively renovated in 2023, offers a range of suite sizes from 80 to 444 square feet, suitable for various needs. The property boasts 27 parking spaces, an elevator, and controlled 24/7 access, ensuring convenience and security. Recent improvements include a new roof, HVAC system, parking lot, interior lighting, updated bathrooms, fresh interior and exterior paint, and enhanced landscaping. Common area restrooms are located on each floor. Each suite provides tenants with private lock access. The building is zoned for office and medical office use, making it ideal for a variety of professional practices. Note that a $50 monthly electric fee applies to each unit. Unit 201, a shared office space with mailbox and address, is also available and features a convenient reservation system. This property is situated in Stuart's desirable business district in Martin County, Florida, zip code 34994.

• CAP approach

  CAP return

  Valuation

  6%

  $3,920,196

  6.5%

  $3,618,642

  7%

  $3,360,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,737,988

  Geo Method

  $2,737,988

• Alternative Use

  Use

  Valuation

  Residential

  $4,487,116

  Hospitality

  $4,110,174

  Educational

  $3,419,617

  Medical

  $3,537,223

  Retail

  $5,319,404

Location Insight

City

Stuart

County

Martin

State

Florida

Latitude

27.1864

Longitude

-80.2458

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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