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    120 Martin Luther King Jr Blvd Stuart, FL 34994

    For Sale
    $4,300,000

    26-Room Hotel, Prime Location, 2026 Completion

    Property size:
    4,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a proposed 26-room boutique hotel in Stuart, Florida, slated for completion in 2026. Located at the high-traffic intersection of MLK Jr Blvd and Dixie Hwy, this 4,200 square foot property enjoys a prime location adjacent to Bruner Pond Park within the vibrant Creek District of Arts & Entertainment. The hotel's strategic positioning is further enhanced by its proximity to the new Brightline Stuart Train Station, projected to open in 2026, promising increased foot traffic and accessibility. The design incorporates unique features such as a rooftop exercise facility and a permaculture garden, adding to its appeal and sustainability. Currently, an open-air art gallery, Art Farm, operates on the site, leasing space to artists, vendors, and food trucks. This established artistic presence will be integrated into the final hotel design, creating a distinctive and culturally rich environment. Each room will include an efficiency kitchen, catering to a broader range of guests. The asking price for this unique property is $4,300,000. This represents a compelling investment in a rapidly developing area with significant growth potential. The property is built on a 0 square foot lot.

    Property Features for 120 Martin Luther King Jr Blvd

    General Information

    Property type
    Specialty properties
    Square Feet
    4,200 SF

    Building Details

    Year Built
    2025
    Units
    26

    HighLights

    • $4,300,000 asking price.
    • Special purpose property, 4,200 square feet.
    • 26 units.
    • New construction, estimated completion 2025.
    • Located in Stuart, FL, at 120 SE Martin Luther King Jr Boulevard, near Brightline station (estimated 2026 completion).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Stuart
    County
    Martin
    State
    Florida
    Longitude
    -80.250746
    Latitude
    27.193541

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    FAQs

    What type of property is this?
    Specialty property - 26-Room Hotel, Prime Location, 2026 Completion
    Where is this specialty property located?
    The property is located at 120 Martin Luther King Jr Blvd Stuart, FL.
    What is the asking price?
    The asking price for this property is $4,300,000.
    What are key features of this property?
    This property features: $4,300,000 asking price.; Special purpose property, 4,200 square feet.; 26 units.
    Request Owner's contact information
    120 Martin Luther King Jr Blvd 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
    120 Martin Luther King Jr Blvd Stuart, FL 34994
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