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701 Tarpon, Stuart, FL 34994

Commercial For Sale
$2,400,000

BTC: 35.54206537

ETH: 696.28387494

28 days
0 room(s)
7,048 sqft
Est. Estimated sales range: $0 - $0
$0

Overview

This remarkable 31-room building is located in a prime location, next to the Police Station and a newly zoned redevelopment area. 7,048 square feet under air, this building not only offers a fantastic space but also operates a successful business with a gross net operating income of $234,560.00. The current business model focuses on renting rooms to veterans with an honorable discharge, tapping into the shared housing industry. This niche market provides a steady stream of income and an opportunity to serve those who have served our country. Additionally, the property offers the flexibility to transform from a FOR-profit building to a NON-profit establishment, this property can also be utilized as an assisted living facility or possibly a HOTEL. The opportunities are endless! 6% ROI

Location

Facts and features

Type:
Commercial Sale
Parking:
No Data
Year Built:
1958
Lot:
No Data
Heating:
No Data
Price/sqft:
$341
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

    • 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