433 Ocean BlvdStuart, FL 34994

Property Details for 433 Ocean Blvd

Year built

1977

Construction

FRAME

Lot size

0.38 AC

Property size (Sq ft)

4,059 SF

Property type

Medical offices

Property subtype

Medical centers

APN

04-38-41-020-001-00090-1

APU

43841020001000901

Description

This exceptional single-tenant medical office building, located at 433 SE Ocean Blvd, offers 4,059 square feet of meticulously designed space. Situated on a 0.382-acre lot, the property boasts a convenient location at the cross streets of SE Illinois Ave & SE Ocean Blvd in Martin County, Florida. Built in 1977, this one-story building features 18 parking spaces, providing ample parking for staff and patients. The interior is thoughtfully configured to meet the needs of a thriving medical practice, including six exam rooms, three doctors' offices, a dedicated treatment area, a reception area, and four bathrooms. The property's zoning is R3 - Residential - Multi-Family/Office, offering flexibility and potential for future development. The building's APN is 04-38-41-020-001-00090-1. The entire 4,059 square feet is currently vacant, presenting a unique opportunity for immediate occupancy. This turnkey solution combines prime location, ample parking, and a well-designed layout, making it an ideal investment for healthcare professionals seeking a comfortable and efficient workspace. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $1,530,376

  6.5%

  $1,412,654

  7%

  $1,311,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,034,680

  Geo Method

  $1,034,680

• Alternative Use

  Use

  Valuation

  Residential

  $1,751,692

  Hospitality

  $1,604,540

  Educational

  $1,334,958

  Medical

  $1,380,870

  Retail

  $2,076,602

Location Insight

City

Stuart

County

Martin

State

Florida

Latitude

27.1978

Longitude

-80.2458

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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