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701 Tarpon, Stuart, FL 34994

Commercial For Sale
$2,290,000

BTC: 37.11342478

ETH: 677.12814872

-$110K (2024/06/19)
43 days
0 room(s)
7,048 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

This remarkable 34-room building, adjacent to the Police Station and a newly zoned redevelopment area, offers 7,048 sq ft under air and operates a successful business with a gross net operating income of $257,040. The property is zoned for many uses such as a motel, hotel, multi-family dwelling, and more. The current model focuses on renting rooms to veterans with honorable discharges, tapping into the shared housing industry. Bathroom Layout: Downstairs: 3 bathrooms (1 ADA), 4 toilets, 3 sinks, 2 common area sinks, 1 mop sink. Rooms: 28 rooms (10x12), 2 rooms (8x10), 1 room (12x12). Extras: 1 office (10x10), 2 showers, 2 washers, 2 dryers, 3 deep freezers, 2 tool rooms (extra $1,260/month rental income). Upstairs: 2 bathrooms, 4 showers, 4 sinks, 4 toilets. The property is currently 100%

Location

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1958
Lot:
No Data
Heating:
No Data
Price/sqft:
$325
Cooling:
No Data
HOA:
No Data
All facts and features
  • Other Property Information

    • Parcel Number: 043841017008002204

    • Zoning: Shared Housing

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Other financial information

    • Annual tax amount: $6,342

  • Source details

    • MLS ID: RX-10987250

    Other facts

    • Direction Faces: near Stuart Police station and future redevelopment fire station

    • Garage: Yes

    • Living Area: 7048

    • Subdivision Name: RUFF'S LITTLE DIXIE

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Lux Properties