851 SE Johnson Ave Stuart, FL 34994
- Office Properties & Spaces
- 22,892 SF
- 1.67 lot acres
Current Use by Public Records
- Quentin Partners Co / Real Estate Agency
- New Day Dance Academy / Dance School
- Little Prodigy School of the Arts / Middle School / After School Program
- Ace Cpr Training / Certification Agency
- Little Prodigy School of Music / Music Instructor
Property Details for 851 SE Johnson Ave
- Year built
- 1972
- Lot size
- 1.67 lot acres
- Property size
- 22,892 SF
- Property type
- Office Properties & Spaces
- APN
- 04-38-41-018-000-00220-0
- APU
- 43841018000002200
Description
This 22,500 square foot, Class B medical office building presents a compelling investment opportunity in the heart of Stuart, Florida. Situated on a 1.67-acre lot at 851 SE Johnson Ave, this two-story building boasts solid concrete block construction, a fire sprinkler system, 480/3 phase power, one elevator, and ample parking for 151 vehicles. Built in 1972, the property offers significant potential for redevelopment or continued use as a medical office, corporate headquarters, church, or educational facility. Its prime location in downtown Stuart, between US1 and A1A, places it directly in the path of future growth, especially considering its proximity to the Seacoast Bank redevelopment project. While the building has been well-maintained, some updating is recommended. The property is zoned CS, Creek South, and features a Martin County APN of 04-38-41-018-000-00220-0. The asking price is $3,750,000. This is a rare opportunity to acquire a substantial property in a thriving downtown area with diverse redevelopment possibilities.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,150,000
- 6.5%
- $4,755,000
- 7%
- $4,415,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,860,000
- AI Estimate
- $2,617,000
Market price range: $3.01M - $9.05MMarket price range: $1.65M - $5.84M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,610,000 Current use
- RETAIL STORES
- $6,145,000 Change: +10% Conversion: Easy
- MEDICAL BUILDING
- $5,455,000 Change: -3% Conversion: Easy
- INDUSTRIAL (GENERAL)
- $5,030,000 Change: -10% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Stuart
- County
- Martin
- State
- Florida
- Longitude
- -80.2495
- Latitude
- 27.1915
- CBSA code
- 38940
- CBSA name
- PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA