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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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11150 SE Federal Hwy , Hobe Sound, FL 33455
$2,500,000
Est. Payment: $5,555.56/mo
0 Bed
0 Bath
6500 Sqft
Status: Active | Days on site: 2
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FLL276822800 - FLL278044333
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House Description

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 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.

Highlights

Listed by Jason Souwed , 561-866-6399 Palm Beach Property Buyers LLC , 561-866-6399.

Property Type

Commercial Sale

Lot/Acreage
0.63

Year Built

1970

County

Martin

Area

6140

Listing ID

B26075520

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air
Fireplaces:
Water:Public

Exterior Features

Lot:<1 Acre
Garage Capacity:30
Zoning:R-3A
Roof:Aluminum,Metal
Sewer:Septic Tank
Parking Features:Accessible Parking,Common,RV Access/Parking
Principal Interest
$5,556
Taxes
$1,081

Home Price

$2,500,000

Loan Details

30 yrs
%

Down Payment

20%
$500,000
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Monthly Price:
$5,555.56

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,555.56 $1,080.67 $0.00 $6,636.22
Yearly $66,666.67 $12,968.00 $0.00 $79,634.67
Total $2,000,000.00 $389,040.00 $0.00 $2,389,040.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Hobe Sound, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.