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Property profile

0 Federal Hwy Hobe Sound, FL 33455

OFF-MARKET
Land
2.24 ac lot
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Property summary

AI-generated overview

This exceptional 2.24-acre commercial land parcel presents a remarkable opportunity for retail and quick-service restaurant development in Hobe Sound, Florida. Situated on the highly visible corner of SE Federal Highway and SE Rohl Way, this property boasts 326 feet of frontage, ensuring maximum exposure to the substantial daily traffic flow along this major thoroughfare. The site is zoned for Hobe Sound Redevelopment and features approved site plans for two buildings: a 7,000 square foot retail space and a 2,500 square foot building perfectly suited for a quick-service restaurant or similar high-traffic business. This strategic location benefits from its proximity to Martin's Landing, a thriving retail plaza anchored by established businesses including a natural foods market, nail salon, cannabis dispensary, and a full-service restaurant, guaranteeing a strong customer base and synergistic retail environment. The Martin County property (APN: 34-38-42-480-000-00010-0) offers a single tenancy opportunity with significant potential for immediate development and strong returns. The existing site plans streamline the development process, minimizing delays and maximizing efficiency. This is an unparalleled chance to establish a successful commercial venture in a high-demand location. The property's excellent visibility and accessibility, combined with the proposed building designs, make it an ideal investment for discerning developers and entrepreneurs seeking a prime location in a growing market.

Property profile

Verified
Property type Land
Lot 2.24 ac (97,574 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Federal Hwy Hobe Sound, FL 33455
Hobe Sound metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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