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    15 Seminole St Stuart, FL 34994

    For Sale
    Contact for pricing

    Prime Riverfront Redevelopment Opportunity

    Property size:
    12,622 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 0.5167-acre property in downtown Stuart, Florida, presents a rare redevelopment opportunity. Located at 15 SE Seminole Street, 34994, this waterfront gem boasts Urban Waterfront zoning (CBD), allowing for diverse uses including residential (up to 30 units per acre), retail, restaurant, and office space. The existing three-story building, constructed in 1913, comprises 12,622 square feet and currently features 25 multifamily units, offering potential for short-term rentals or conversion into larger suites. Recent improvements (2022/2023) include a new metal roof, restuccoing, and repainting. The property includes an estimated 240-foot dock and a large on-site parking lot. The site's prime location offers direct riverfront views and walkability to downtown amenities. This unique property presents significant value-add potential, with the possibility of developing up to 15 luxury townhomes or condos, each with private garages, docks, and rooftop decks overlooking the river. The property's historical appeal and flexible zoning make it an ideal investment for discerning developers seeking a high-scale waterfront project in a thriving downtown location.

    Property Features for 15 Seminole St

    General Information

    Property type
    Marinas
    Square Feet
    12,622 SF

    Building Details

    Year Built
    1913
    Buildings
    1
    Stories
    3
    Units
    25

    HighLights

    • Rare 0.5167‑acre riverfront development opportunity in downtown Stuart, FL.
    • Potential to develop up to 15 luxury townhomes or condos with private docks, garages, and rooftop decks.
    • Urban Waterfront zoning allows for mixed‑use development (residential, retail, restaurant, office) up to 30 units per acre.
    • Excellent walkability to downtown Stuart's amenities.
    • Existing 25‑unit, three‑story multifamily building offers significant value‑add potential, including short‑term rental conversion.
    • Recent improvements include a new metal roof, restuccoing, and repainting (2022/2023).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Riverview Apartments Apartment Building

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2522724
    Latitude
    27.1995739

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    FAQs

    What type of property is this?
    Marina - Prime Riverfront Redevelopment Opportunity
    Where is this marina located?
    The property is located at 15 Seminole St Stuart, FL.
    What are key features of this property?
    This property features: Rare 0.5167-acre riverfront development opportunity in downtown Stuart, FL.; Potential to develop up to 15 luxury townhomes or condos with private docks, garages, and rooftop decks.; Urban Waterfront zoning allows for mixed-use development (residential, retail, restaurant, office) up to 30 units per acre.
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    15 Seminole St Stuart, FL 34994
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    Stuart, FL 34994
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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.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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.

    Relative

    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
    15 Seminole St Stuart, FL 34994
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