2520 Kanner HwyStuart, FL 34994

Property Details for 2520 Kanner Hwy

Year built

1959

Lot size

1.43 AC

Property size (Sq ft)

11,334 SF

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

17-38-41-000-000-00040-0

APU

173841000000000400

Description

This exceptional mixed-use property, located at 2520 S Kanner Hwy in Stuart, Florida (34994), presents a unique investment opportunity. The 1.425-acre lot features three buildings totaling 11,334 square feet, situated on a high-traffic section of Kanner Highway across from a Wawa, boasting daily traffic counts exceeding 28,000 vehicles. The main building offers 7,996 square feet of commercial space suitable for various uses, including retail, office, automotive, or light industrial applications. The property is zoned B1. Two additional buildings, located at the rear of the property, currently serve as residential units (a house and a guest house) and include a pool and a Koi pond. These structures offer potential for conversion to additional commercial space or continued residential use. The property includes a gated entrance and signage opportunities. The asking price is $2,500,000, translating to $220.58 per square foot. This owner/user investment presents significant potential for both immediate income and future expansion. The property's prime location and versatile configuration make it an attractive prospect for a wide range of investors and businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,003,278

  6.5%

  $3,695,334

  7%

  $3,431,381

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,889,150

  Geo Method

  $2,889,150

• Alternative Use

  Use

  Valuation

  Residential

  $4,582,214

  Hospitality

  $4,197,283

  Educational

  $3,492,090

  Medical

  $3,612,188

  Retail

  $5,432,140

Location Insight

City

Stuart

County

Martin

State

Florida

Latitude

27.1744

Longitude

-80.2534

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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