1919 Cove Rd Stuart, FL 34997
This exceptional 5.34-acre parcel presents a remarkable redevelopment opportunity in Stuart, Florida. Located at the strategic intersection of Cove Road and Ault Avenue, this property offers significant frontage and convenient dual access points. Zoned RE-2A, it's perfectly suited for residential development or a nursery. Its prime location provides easy access to major transportation arteries, situated just 3.6 miles from Kanner Highway and under 4 miles from I-95. The property's appeal is further enhanced by its proximity to similarly styled neighboring properties. The asking price is $2,149,000. Currently, the property generates a monthly income of $5,000 from an existing tenant. The property's APN is 55-38-41-000-066-00051-0. This is a rare chance to acquire a substantial land holding in a desirable area with excellent potential for future growth and return on investment. The address is 1919 SE Cove Rd, Stuart, FL 34997, in Martin County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.