11150 Se Federal Hwy, Hobe Sound, FL

House

For Sale

Listed price in listed location currency (USD).

$2,500,000

0030

MLS® B26075520

Overview

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage

Taxes $12,969

Days Active 4

Lot Size 0.63 Acres

Approx. Age 1970

MLS® Number B26075520

Property Address: 11150 Se Federal Hwy, Hobe Sound, FL, 33455-5119

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberB26075520

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1970

Basement

DrivewayAccessible Parking, Boat, Common

Garage Spaces

HeatCentral, Individual

A/CCentral Air

Extras

Map

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