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0 Lee St 2.32 Acres of Commercial Land Offered at $2,100,000 in Stuart, FL 34997
Investment Highlights
- Shovel-ready property with entitlements completed for a 48-unit apartment complex.
- Strong location within Port Salerno, offering swift access to US-1 and key roadways.
- High-demand area fueled by population growth and limited new rental supply.
- Fully engineered plans allow immediate commencement of construction.
- Utilities in place, including municipal water, sewer, and electric connections.
- Positioned near employment centers, retail, dining, and recreational amenities.
Executive Summary
This 2.32-acre parcel at 0 SE Lee Street presents a fully entitled development opportunity in the rapidly growing Port Salerno area of Stuart, Florida. All approvals and engineering plans are in place for a 48-unit apartment complex, eliminating the time and cost associated with permitting and design. This shovel-ready site offers investors and developers a true plug-and-play opportunity to immediately move from acquisition to construction, expediting project timelines and reducing risk.
Strategically located near US-1 and Cove Road, the property provides convenient connectivity to key corridors, retail, and services throughout Martin County. Stuart’s robust population growth and the demand for quality multifamily housing create a favorable environment for new development. With municipal water, sewer, and electricity readily available, the infrastructure is prepared to support immediate project launch. This is a rare chance to capitalize on a pre-approved, multi-family development site in an established coastal market with sustained rental demand.
Strategically located near US-1 and Cove Road, the property provides convenient connectivity to key corridors, retail, and services throughout Martin County. Stuart’s robust population growth and the demand for quality multifamily housing create a favorable environment for new development. With municipal water, sewer, and electricity readily available, the infrastructure is prepared to support immediate project launch. This is a rare chance to capitalize on a pre-approved, multi-family development site in an established coastal market with sustained rental demand.
Property Facts
| Price | $2,100,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 2.32 AC |
| Property Type | Land | ||
| Zoning | MU - Mixed-use zoning allows a combination of residential, commercial, and community uses within one parcel or development, promoting flexible land use. | ||
| Price | $2,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 2.32 AC |
| Zoning | MU - Mixed-use zoning allows a combination of residential, commercial, and community uses within one parcel or development, promoting flexible land use. |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 2.32 AC |
| Price Per AC | $905,172.41 |
| Price | $2,100,000 |
| Price Per AC | $905,172.41 |
| Lot Size | 2.32 AC |
Description
The property located at 0 SE Lee Street in Stuart, Florida, comprises 2.32 acres within the Port Salerno community of Martin County. It is currently zoned Mixed-Use, which permits a range of residential and commercial uses. The site includes completed engineering plans and approvals for a 48-unit multifamily development. Utility infrastructure such as municipal water, sewer lines, and electricity is available. The parcel provides frontage along SE Lee Street and is positioned near US-1, with access to transportation networks, local businesses, and community services.
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
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