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    Indian River Dr Fort Pierce, FL 34957

    For Sale
    $1,500,000

    Jensen Beach eatery, 2396 sq ft, great potential.

    Property size:
    2,396 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional offering presents a unique investment opportunity: an established waterfront restaurant in the heart of Jensen Beach, Florida, coupled with three adjacent vacant lots. The 2,396 square foot restaurant, built in 1920, boasts picturesque views of the inlet and convenient access to the Jensen Beach Causeway. The property features both indoor and outdoor seating areas, adding to its appeal. An upper-level apartment provides additional space. The restaurant sits on a 0.91-acre lot (APN: 15-37-41-000-000-00181-5 15-37-41-000-000-00171-0 15-37-41-000-000-00170-8 15-37-41-003-001-00340-8) and benefits from PUD zoning, opening up a multitude of development possibilities for the three adjacent vacant parcels. Located minutes from Downtown Jensen Beach and Hutchinson Island, this property offers a blend of established business and significant future development potential. The asking price is $1,500,000, translating to $626.04 per square foot. This is a rare chance to acquire a thriving waterfront restaurant with substantial expansion possibilities in a desirable location. The property is zoned PUD.

    Property Features for 0 Indian River Dr

    General Information

    Property type
    Restaurants
    Square Feet
    2,396 SF
    Lot Size
    39,640 SF

    Building Details

    Year Built
    1920
    Buildings
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Pierce
    County
    Martin
    State
    Florida
    Longitude
    -80.2620669
    Latitude
    27.3140131

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    FAQs

    What type of property is this?
    Restaurant - Jensen Beach eatery, 2396 sq ft, great potential.
    Where is this restaurant located?
    The property is located at Indian River Dr Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
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    Indian River Dr Fort Pierce, FL 34957
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

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    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Indian River Dr Fort Pierce, FL 34957
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