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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
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
1 Lot Available
Lot
| Price | $1,995,000 | Lot Size | 2.32 AC |
| Price Per AC | $859,913.79 |
| Price | $1,995,000 |
| Price Per AC | $859,913.79 |
| Lot Size | 2.32 AC |
Shovel-ready, 48-unit apartment complex with all entitlements and engineering already completed. This is a true plug-and-play opportunity for developers or investors looking to break ground immediately.
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.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $579,135 |
Property Taxes
Presented by
0 Lee St
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