440 Osceola StStuart, FL 34994

Property Details for 440 Osceola St

Year built

1981

Lot size

0.31 AC

Property size (Sq ft)

5,661 SF

Property type

Healthcare properties

Property subtype

Medical offices

APN

04-38-41-020-001-00160-6

APU

43841020001001606

Description

This exceptional Class A medical office building, located at 440 SE Osceola St, Stuart, FL 34994, presents a unique owner-user investment opportunity. The 5,800 square foot building, situated on a 0.31-acre lot, boasts a prime location directly across from Martin North Hospital/Cleveland Clinic, ensuring high visibility and patient accessibility. Built in 2020 and fully renovated, the property features a thoughtfully designed first floor encompassing 3,529 square feet, ideal for medical practices. This level includes a welcoming waiting area, separate check-in/check-out desks, six exam rooms, two procedure rooms, three restrooms, and a kitchenette. Two private physician's offices with custom built-ins are also included. The second floor, a 2,132 square foot apartment with a kitchen, living room, three bedrooms, and two bathrooms, offers versatile live/work potential. Currently 100% occupied, with occupancy continuing until July 18, 2024, this property offers immediate income and long-term growth potential. The building is zoned R-3 Office/Medical, allowing for a variety of uses. The asking price is $2,250,000, translating to $387.93 per square foot. This is a rare opportunity to acquire a high-quality, strategically located medical office building in a thriving healthcare market. The property's combination of prime location, modern amenities, and live/work flexibility makes it an exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,134,394

  6.5%

  $1,970,210

  7%

  $1,829,481

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,443,046

  Geo Method

  $1,443,046

• Alternative Use

  Use

  Valuation

  Residential

  $2,443,060

  Hospitality

  $2,237,830

  Educational

  $1,861,848

  Medical

  $1,925,880

  Retail

  $2,896,209

Location Insight

City

Stuart

County

Martin

State

Florida

Latitude

27.1981

Longitude

-80.2457

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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