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    Washington Ave Hobe Sound, FL 33455

    Sponsored
    For Sale
    $1,195,000

    1.09 Acres, US-1 & Washington

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.09-acre commercial land parcel presents a rare opportunity in Hobe Sound, Florida. Situated on the highly visible corner of US Highway 1 and Washington Avenue in Martin County (zip code 33455), this property boasts nearly 400 feet of frontage along US-1. The site is zoned LC and benefits from existing infrastructure, including sewer and water connections, and a convenient deceleration lane already in place. This location is strategically positioned within both a Community Redevelopment Area (CRA) and an Opportunity Zone, offering potential investors significant advantages. The property comprises three individual lots, and the seller is open to considering subdividing the land to meet specific buyer needs. This is one of the last remaining small sites available on US Highway 1 in all of Martin County, making it an incredibly rare and desirable investment opportunity. Its high visibility and convenient location make it ideal for a wide range of commercial developments. The latitude and longitude coordinates are 27.07975532531725, -80.14554746453159 respectively. The asking price for this exceptional property is $1,195,000.

    Property Features for 0 Washington Ave

    General Information

    Property type
    Land
    Lot Size
    47,480 SF

    HighLights

    • Rarely available small site on US Highway 1 in Martin County.
    • Located in a Community Redevelopment Area (CRA) and Opportunity Zone.
    • Three‑lot offering with potential for subdivision.
    • Utilities available (sewer and water).
    • Existing deceleration lane.
    • High‑visibility corner lot with nearly 400 feet of US Highway 1 frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hobe Sound
    County
    Martin
    State
    Florida
    Longitude
    -80.145547464532
    Latitude
    27.079755325317

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    FAQs

    What type of property is this?
    Land - 1.09 Acres, US-1 & Washington
    Where is this land located?
    The property is located at Washington Ave Hobe Sound, FL.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: Rarely available small site on US Highway 1 in Martin County.; Located in a Community Redevelopment Area (CRA) and Opportunity Zone.; Three-lot offering with potential for subdivision.
    Request Owner's contact information
    Washington Ave Hobe Sound, FL 33455
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    Hobe Sound, FL 33455
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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
    Washington Ave Hobe Sound, FL 33455
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