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18811072
18811074

15 SE Seminole Street, Stuart, FL 34994

MM
FL SL3124553
Regency Realty Services
Listed by Regency Realty Services
$5,995,000
694 days on market
Updated 58 days ago

RIVERVIEW APTS DOWNTOWN WATERFRONT RE/DEVELOPMENT OR REHAB

Details
APN 04-38-41-015-001-00061-3
Property Type Special Purpose
Square Footage 12,622
Units 25
Pro-Forma Cap Rate 10.01%
Pro-Forma NOI $600,000
Price per SqFt $475
Class A
Year Built 1913
Buildings 1
Stories 3
Zoning URBAN WATERFRONT / (CBD)
Parking Spaces 23 spaces
Parking Per SqFt 1.82
Investment Type Value Add

DOWNTOWN STUART / PRIME RIVERFRONT RE/DEVELOPMENT/ / URBAN WATERFRONT ZONING / CENTRAL BUSINESS DIST

Marketing description

Rare Gem in the Heart of Downtown Stuart with Direct Riverfront Views. Build up to 15 luxury TH's or condo's over 0.5167 acres with garages, private docks/marina and rooftop decks overlooking direct river views. Urban Waterfront Zoning allows retail, restaurant, office, residential use up to 30 units/acre. Walk to everything downtown has to offer. Previous lodging destination. Property currently has 25 grandfathered multifamily units over 3 stories with potential to do short-term rentals. Property could use updating and has significant add value potential considering its rare/unique historical appeal. Convert into a high-scale waterfront accommodation and merge units to make for larger suites. 2022/2023: metal roof, re-stuccoed & paint. Estimated 240ft dock and large parking lot on-site.

Investment highlights

Brightline Station Approved and being built next to the subject property just a few minutes walking distance.

Premier Downtown Stuart value-add multifamily investment asset that boasts riverfront views, marina access, and boat dockage options.

15 SE Seminole Street offers value-add potential due to its flexible urban waterfront zoning and potential for short-term rental and multifamily uses.

Centrally located near US Highway 1 and offering proximity to South Florida’s primary travel artery, Interstate 95.

15 SE Seminole Street is located near an abundance of national retailers and chains, including Starbucks, Chick-fil-A, Outback, Home Depot, and more.

Property is offered vacant and offers a favorable zoning code that is conducive to multiple uses.

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Listing Contacts

MM
FL SL3124553
Regency Realty Services
Listed by Regency Realty Services

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Additional Information

Name
Matan Morag
License
SL3124553
Brokerage
Regency Realty Services
Title
Real Estate Advisor
Brokerage Address
861 Yamato Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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