924 Palm City Rd Stuart, FL 34994
This exceptional 0.92-acre site in Stuart, Florida, presents a fully approved 13-unit townhome development opportunity. Zoned R-3, this land is ready for immediate permit pull, offering significant potential for investors. The compact layout ensures efficient development, maximizing return on investment. The fee-simple units can be sold or rented, providing flexibility for future income streams. Conveniently located two blocks south of US Highway 1, near the Downtown Publix shopping center, and minutes from I-95 and the Florida Turnpike, this property benefits from excellent access to major roadways and the vibrant downtown Stuart area, with its employment opportunities and attractions. Construction-level plans are available for due diligence. The property's address is 924 SW Palm City Rd, Stuart, FL 34994, APN: 05-38-41-024-000-00020-0, 05-38-41-009-002-00010-8, in Martin County. This is a rare opportunity to capitalize on the strong demand for residential properties in this desirable location. The asking price is $1,295,000.
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
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