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    66 Salerno Rd Stuart, FL 34997

    For Sale
    $1,500,000

    1,288 SF Flex Space, $1.5M

    Property size:
    1,288 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 1,288-square-foot flex space in Stuart, Florida, presents a unique investment opportunity. Located at 66 SW Salerno Road, this property boasts the oldest commercial zoning (B-1 and R-2) in Martin County, offering incredible development potential. Built in 1970, the property currently includes a private residence and a large detached garage, adding to its versatility. The single-unit building sits on a lot with no specified square footage. Its prime location offers easy access to downtown Stuart, making it an attractive proposition for both investors and developers seeking a flexible space with significant upside. The property's existing structures provide immediate income potential while the zoning allows for a wide range of future uses. This is a rare chance to acquire a strategically located property in a thriving area with significant development potential. The asking price is $1,500,000. The property's address is 66 SW Salerno Road, Stuart, FL 34997. This is a rare opportunity to acquire a property with significant upside in a desirable location. The property's zoning allows for a variety of uses, making it an ideal investment for those seeking flexibility and potential for future growth.

    Property Features for 66 Salerno Rd

    General Information

    Property type
    Flex space
    Square Feet
    1,288 SF

    Building Details

    Year Built
    1970
    Units
    1

    HighLights

    • $1,500,000 asking price.
    • 1,288 square foot flex industrial building.
    • Single unit on a 0 square foot lot.
    • Built in 1970.
    • Located at 66 SW Salerno Road, Stuart, FL 34997.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.2536518
    Latitude
    27.1233175

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    FAQs

    What type of property is this?
    Flex space - 1,288 SF Flex Space, $1.5M
    Where is this flex space located?
    The property is located at 66 Salerno Rd Stuart, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 1,288 square foot flex industrial building.; Single unit on a 0 square foot lot.
    Request Owner's contact information
    66 Salerno Rd Stuart, FL 34997
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    Stuart, FL 34997
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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
    66 Salerno Rd Stuart, FL 34997
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