701 Tarpon Ave Stuart, FL 34994-3166

This exceptional 7,048 square foot special purpose building in Stuart, Florida, presents a compelling investment opportunity. Located at 701 SE Tarpon Avenue, this 34-unit property boasts a prime location, situated near the Police Station and within a newly zoned redevelopment area. Built in 1958, the property currently generates a gross net operating income of $252,960.00. The existing business model focuses on providing rental rooms to honorably discharged veterans, a niche market offering consistent revenue. The property's strategic location in a rapidly growing city like Stuart, within Martin County (zip code 34994), ensures strong potential for future appreciation. The building's substantial size and established income stream make it an attractive proposition for investors seeking a stable and profitable venture. This is a rare chance to acquire a well-established property in a thriving Florida community, offering both financial returns and the satisfaction of serving a deserving population. The asking price is $2,150,000. The lot size is not specified.