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    508 Colorado Ave Stuart, FL 34994

    For Sale
    $1,200,000

    Free-standing retail building, 2,932 sq ft

    Property size:
    2,932 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional free-standing retail building, located at 508 S Colorado Ave in Stuart, Florida, presents a unique investment opportunity. Boasting 2,932 square feet on a 0.12-acre lot (APN: 05-38-41-005-021-00030-8), this single-story, 1955-built structure is zoned UC-Urban Center, offering versatile usage potential. The property features approximately 1,552 square feet of showroom space, perfect for showcasing products or services, complemented by two offices and two bathrooms for enhanced functionality. A substantial 1,380-square-foot warehouse area in the rear, accessed via a 10x9 roll-up bay door, provides ample storage or workspace. Benefitting from high visibility on South Colorado Avenue, the property offers excellent signage opportunities to maximize brand exposure. The surrounding area is vibrant, featuring trendy shops, offices, and restaurants in Downtown Stuart, ensuring a thriving commercial environment. This property is priced at $1,200,000 ($409.28/sq ft) and represents a compelling investment in a desirable location. The property consists of one unit within a single building.

    Property Features for 508 Colorado Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,932 SF
    Lot Size
    5,227 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $1,200,000 asking price for this 2,932 SF retail storefront.
    • Located at 508 S Colorado Ave, Stuart, FL 34994.
    • Features 1,552 SF of showroom space, 1,380 SF warehouse with a 10x9 roll‑up door, two offices, and two bathrooms.
    • High visibility on S Colorado Ave with signage opportunities.
    • Situated in Downtown Stuart near shops, offices, and restaurants.
    • 0.12‑acre lot, APN 05‑38‑41‑005‑021‑00030‑8, UC‑Urban Center zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Center Gym Gym

    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
    -80.2530521
    Latitude
    27.1959564

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    FAQs

    What type of property is this?
    Individual retail property - Free-standing retail building, 2,932 sq ft
    Where is this individual retail property located?
    The property is located at 508 Colorado Ave Stuart, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: $1,200,000 asking price for this 2,932 SF retail storefront.; Located at 508 S Colorado Ave, Stuart, FL 34994.; Features 1,552 SF of showroom space, 1,380 SF warehouse with a 10x9 roll-up door, two offices, and two bathrooms.
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    508 Colorado Ave 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
    508 Colorado Ave Stuart, FL 34994
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