15 SE Seminole Street, Stuart, FL 34994

Building Details

Year Built

1913

Listing agent Matan Morag License #SL3124553

Listing office Regency Realty Services

Listing date Jul 11, 2024

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Regency Realty Services

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Overview

This property, situated in the heart of downtown Stuart, offers direct riverfront views and presents a rare development opportunity. Zoned Urban Waterfront, the 0.5167-acre site allows for a variety of uses, including retail, restaurant, office, and residential, with a potential density of up to 30 units per acre. The property's zoning allows for the construction of up to 15 luxury townhouses or condominiums, potentially featuring garages, private docks or a marina, and rooftop decks with river views. The location provides convenient access to downtown amenities. Currently, the property features 25 grandfathered multifamily units across three stories, offering the potential for short-term rentals. While the existing structure could benefit from updates, its unique historical appeal presents significant value-add potential. Conversion into a high-scale waterfront accommodation with larger suites is a possibility. Recent improvements in 2022 and 2023 include a metal roof, re-stuccoed exterior, and paint. An estimated 240ft dock and a large parking lot are located on-site. The property size is 12,622 square feet.

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

Location Insight

• Map
• Local Demand

City

Stuart

County

Martin

State

Florida

Longitude

-80.2523734

Latitude

27.1996561

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FAQs

What type of property is this?

Waterfront Land - Rare riverfront property in downtown Stuart with redevelopment potential.

Where is this waterfront land located?

The property is located at 15 SE Seminole Street Stuart, FL.

What is the asking price?

The asking price for this property is $5,995,000.

What are key features of this property?

This property features: Direct Riverfront Views in Downtown Stuart; Urban Waterfront Zoning allows for Multiple Development Options; Potential for 15 Luxury Townhomes/Condos with Garages, Private Docks/Marina, and Rooftop Decks