1405 Federal HwyStuart, FL 34994

Property Details for 1405 Federal Hwy

Year built

1977

Lot size

1.47 AC

Property size (Sq ft)

6,157 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

29-37-41-000-000-00550-9

APU

293741000000005509

Description

This exceptional 1.47-acre parcel presents a prime retail development opportunity at the highly visible southeast corner of US Highway 1 and Baker Road in Stuart, Florida. Zoned General Commercial within Martin County, this property offers 64,033 square feet of potential building space and boasts a coveted hard corner location at a signalized intersection. The site's strategic placement ensures maximum exposure to the substantial daily traffic flow along US Highway 1, a major thoroughfare. Ideal uses include a drug store, gas station/convenience store, restaurant, or a multi-tenant retail development. This long-term ground lease opportunity is further enhanced by the possibility of annexation into the City of Stuart. Annexation simplifies and expedites the site plan approval and permitting processes, providing increased flexibility in development plans. This is one of the few remaining hard corner sites in the area, making it a truly unique and valuable investment prospect. The property's address is 1405 NW Federal Highway, Stuart, FL 34994.

• CAP approach

  CAP return

  Valuation

  6%

  $2,321,410

  6.5%

  $2,142,840

  7%

  $1,989,780

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,569,481

  Geo Method

  $1,569,481

• Alternative Use

  Use

  Valuation

  Residential

  $2,657,122

  Hospitality

  $2,433,910

  Educational

  $2,024,984

  Medical

  $2,094,626

  Retail

  $3,149,975

Location Insight

City

Stuart

County

Martin

State

Florida

Latitude

27.222

Longitude

-80.2627

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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