Rare Gem in the Heart of Downtown Stuart with Direct Riverfront Views. Build up to 15 luxury TH's or condo's over 0.5167 acres with garages, private docks/marina and rooftop decks overlooking direct river views. Urban Waterfront Zoning allows retail, restaurant, office, residential use up to 30 units/acre. Walk to everything downtown has to offer. Previous lodging destination. Property currently has 25 grandfathered multifamily units over 3 stories with potential to do short-term rentals. Property could use updating and has significant add value potential considering its rare/unique historical appeal. Convert into a high-scale waterfront accommodation and merge units to make for larger suites. 2022/2023: metal roof, re-stuccoed & paint. Estimated 240ft dock and large parking lot on-site.
12,622 Sq Ft
0.52 Private Acres Exterior Space
Investment
$77,360 Annual Tax
Built in 1913
MLS/Listing ID RX-11003242
3 Stories
2 Units
Intracoastal Access
No Fixed Bridges
Ocean Access
River Front
Seawall
Intercoastal View
River View
Metal
Fence
Listing Courtesy of REGENCY REALTY SERVICES, MATAN MORAG - 561-706-0095
Source of Data: BEACHESMLS