Excellent Hobe Sound investment opportunity directly on US-1/SE Federal Hwy with high visibility and easy access. Existing rents have not been raised in years, offering significant rental upside. Additional land between the duplex and commercial plaza may provide potential for another duplex or additional commercial space. Detached garage on the… Read More west side has its own electric meter and may offer potential conversion to an efficiency unit. Located approximately 10 minutes from Hobe Sound Beach/Jupiter Island and 7 miles from I-95. General Commercial Future Land Use and located within the Hobe Sound CRA. Excellent value-add opportunity. Unique mixed-use investment opportunity with multiple potential value-add strategies. Property includes an existing commercial plaza, duplex, detached garage and additional land. Current rents have not been increased in years, creating significant potential upside through future rent adjustments. Additional land located between the duplex and plaza may offer the potential to construct another duplex or expand the existing commercial/plaza space. The detached garage on the far west side of the property has its own electric meter and may potentially be converted into an additional efficiency unit. Excellent US-1/SE Federal Highway exposure in the growing Hobe Sound market, approximately 10 minutes from Hobe Sound Beach and Jupiter Island and approximately 7 miles from I-95. General Commercial Future Land Use and located within the Hobe Sound CRA. Ideal for an investor, owner-user or developer looking for existing income combined with future expansion potential. Read Less
Courtesy of Palm Beach Property Buyers LLC, Jason Souwed, 561-866-6399.
Listing Snapshot
Days Online
30
Last Updated
Property Type
Mixed Use
Square Ft.
6,500
Lot Size
0.63 Acres
Year Built
1970
MLS Number
B26075520
Additional Details
Building
Built in 1970, Construction materials: CBS, Concrete, Stucco, Toal building area: 6500, 6 total units
Cooling
Central Air, Central Individual
Heating
Central, Central Individual
Lot
0.63 acres
Parking
Boat Access/Parking, Common, Accessible Parking, 30 total parkings
Property
Zoning: R-3A
Roof
Aluminum, Metal
Security Features
Closed Circuit Camera(s), Smoke Detector(s)
Sewer
Septic Tank
Taxes
Annual amount: $12,969
Utilities
440 Volts, Cable Available, Electricity Connected, Water Connected, Propane
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