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    8805 SE Federal Highway

    Hobe Sound, FL 33455
    • $420,000
    • STATUS: Active
    • ON SITE: 16 days
    • ID#: RX-10670074
    $420,000
    • 0
      BEDS
    • 0.92
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:
    Area:

    School Ratings & Info

    Description

    Fully Approved and entitled 13-unit development site in the high-growth community of Hobe Sound, FL, delivered with all engineering, architectural, environmental work needed to start construction within 30-60 days. High-profit potential development for mid-sized developers and investors looking to avoid high entry barriers and seeking to capitalize on the tremendous growth of Southern Martin County and Northern Palm Beach County. Brand New Publix is Under Construction Less Than 1,000 feet from the property.As an exclusive listing agent, Compass Commercial is pleased to offer for sale a fully approved and entitled, boutique suburban garden multifamily development opportunity in the high-growth community of Hobe Sound, Florida. The subject site is on the east side of SE Federal Highway (US Highway 1). The parcel is ideally located in the southern region of Martin County, connecting directly to Northern Palm Beach communities of Jupiter, Tequesta, Palm Beach Gardens, and less than 2 miles from Stuart's primary retail corridor. The site sits among many retailers and restaurants and enjoys convenient access to multiple golf courses, public parks, beaches, municipal facilities, and transportation corridors. Current ownership has spent the past 30 months navigating Martin County's high development barriers to secure full entitlements for the maximum density, 13-unit multifamily project. The site has been fully rezoned, with full sign-off approval of the submitted site plan, providing a developer to break ground on the property upon completing final architectural and construction documents. All county and state third party reviews and approvals are complete. An alternative, 8-unit townhouse site plan is also available if a developer chooses to construct for-sale townhouse units. Adjacent property owners have indicated a willingness to sell if a buyer seeks a larger multifamily or mixed-use development project. The property consists of just under one acre of cleared land, with off-site drainage and retention agreements. Recent ESA Phase I and Wetlands & Wildlife reports indicate no entitlement or development hurdles. The site provides prospective developers with a unique opportunity to participate in the booming growth of Stuart/Hobe Sound without having to navigate the tremendous hurdles and high barriers to entry typically facing developers in Southern Martin County.

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    www.myreynoldsteam.com/homes/111754093
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    8805 SE Federal Highway Hobe Sound, FL 33455

    • Price: $420,000
    • Status: Active
    • ID#: RX-10670074
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.92
    Acres
    Neighborhood:
    Suburban Homes And Groves
    County:
    Martin
    Area:
    Hobe Sound
    Property Description
    Fully Approved and entitled 13-unit development site in the high-growth community of Hobe Sound, FL, delivered with all engineering, architectural, environmental work needed to start construction within 30-60 days. High-profit potential development for mid-sized developers and investors looking to avoid high entry barriers and seeking to capitalize on the tremendous growth of Southern Martin County and Northern Palm Beach County. Brand New Publix is Under Construction Less Than 1,000 feet from the property.As an exclusive listing agent, Compass Commercial is pleased to offer for sale a fully approved and entitled, boutique suburban garden multifamily development opportunity in the high-growth community of Hobe Sound, Florida. The subject site is on the east side of SE Federal Highway (US Highway 1). The parcel is ideally located in the southern region of Martin County, connecting directly to Northern Palm Beach communities of Jupiter, Tequesta, Palm Beach Gardens, and less than 2 miles from Stuart's primary retail corridor. The site sits among many retailers and restaurants and enjoys convenient access to multiple golf courses, public parks, beaches, municipal facilities, and transportation corridors. Current ownership has spent the past 30 months navigating Martin County's high development barriers to secure full entitlements for the maximum density, 13-unit multifamily project. The site has been fully rezoned, with full sign-off approval of the submitted site plan, providing a developer to break ground on the property upon completing final architectural and construction documents. All county and state third party reviews and approvals are complete. An alternative, 8-unit townhouse site plan is also available if a developer chooses to construct for-sale townhouse units. Adjacent property owners have indicated a willingness to sell if a buyer seeks a larger multifamily or mixed-use development project. The property consists of just under one acre of cleared land, with off-site drainage and retention agreements. Recent ESA Phase I and Wetlands & Wildlife reports indicate no entitlement or development hurdles. The site provides prospective developers with a unique opportunity to participate in the booming growth of Stuart/Hobe Sound without having to navigate the tremendous hurdles and high barriers to entry typically facing developers in Southern Martin County.
    Exterior Features

    Front Exposure West Ground Cover Brush Improvements ClearedDemucked Lot Description 1/2 To < 1 Acre Roads HighwayState Road Trees None Waterfront YN No

    Property Features

    Available Docs AerialBuilding PermitBuilding PlanEnviro. Aud-Ph1PlansPlat MapsPrevious TitleSurveyTopographical Map Development Status Undeveloped Homeowners Association None Land Type Commercial Land List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Location Beach Area REO No Short Sale No Short Sale Addendum No Short Sale AU N/A Special Assessment No Style CommercialMulti-Family Med Den Tax Amount 2124.51 Tax Year 2020 Terms Considered CashConventionalLease Option Utilities Available CableElectricGasMunicipal SewerPublic WaterTrash Removal Utilities On Site None Zoning Cor

    Listing provided courtesy of Compass Florida Llc. Listing information © 2020 BeachesMLS
     
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    The Reynolds Team/ONE Sotheby’s International Realty
    1701 Highway A1A, Suite 104
    Vero Beach FL, 32963