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Susan Larkin

susan.larkin@engelvoelkers.com +1(781) 801-5885

$ 2,500,000

Est. payment -/mo

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11150 SE FEDERAL HWY Hobe Sound, FL

6,500 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,500 sqft

Price per Sqft $384

MLS Listing ID B26075520

Construction Status Resale,Updated/Remodeled

HOA Y/N No

Year Built 1970

Annual Tax Amount $12,968

Tax Year 2025

Lot Size 0.630 Acres

Acres 0.63

Property Sub-Type Mixed Use

Property 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.

Location

State FL

County Martin

Area 6140 - Hobe Sound/Stuart - South Of Cove Rd

Zoning R-3A

Interior

Interior Features InteriorFeatures

Heating Central, Individual

Cooling Central Air

Fireplace No

Exterior

Parking Features Accessible Parking, Boat, Common

Utilities Available Cable Available, Electricity Connected, Propane, Water Connected

Water Access Desc Public

Roof Type Aluminum,Metal

Accessibility Accessibility Features

Total Parking Spaces 30

Building

Story 1

Sewer Septic Tank

Water Public

Structure Type Block,Concrete,Stucco

New Construction No

Construction Status Resale,Updated/Remodeled

Others

Tax ID 343842000270000206

Security Features Closed Circuit Camera(s),Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, Owner Will Carry, Private Financing Available, USDA Loan, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, Owner Will Carry, Private Financing Available, USDA Loan, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/11150-SE-FEDERAL-Highway-Hobe-Sound-FL/unbranded

Listed by Jason Souwed Palm Beach Property Buyers LLC

NEARBY SCHOOLS & PROPERTIES

Susan Larkin

Advisor License ID: SL3570527

+1(781) 801-5885

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