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- LoopNet Team
524 SW Saint Lucie Cres
Stuart, FL 34994
The France on Frazier Creek · Multifamily Property For Sale
·
30 Units
INVESTMENT HIGHLIGHTS
- 100% Occupied with waiting list to rent
- Downtown location near Cleveland Clinic, Courthouse, and shops/restaurants
- Below Market Rents
- 8 slip marina with water and electric
PROPERTY FACTS
| No. Units | 30 | Lot Size | 0.82 AC |
| Property Type | Multifamily | Building Size | 28,880 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | Parking Ratio | 1.17/1,000 SF |
| Zoning | R-3 - Multifamily/Office | ||
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 28,880 SF |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 1.17/1,000 SF |
| Zoning | R-3 - Multifamily/Office |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Heating
- Kitchen
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Waterfront
- Online Services
- Smoke Detector
ABOUT 524 SW SAINT LUCIE CRES , STUART, FL 34994
It’s not every day that an opportunity to acquire an iconic multifamily asset with a rich history and great upside presents itself. This offering consists of one 30 unit building measuring 3 stories with 22,000 square feet of rent-able space. There are twelve 800 SF 1 BR 1 BA water view units, twelve 800 SF 1 BR 1 BA garden view units, and six 420 SF efficiency units. Each unit contains a kitchen with a refrigerator, stove, and sink. Other amenities include elegant and lush landscaping, open and spacious common areas, and an 8 slip dock with access to the Atlantic Ocean. Built in the 1920s, this Mediterranean designed building is of solid poured concrete and is a veritable fortress. The France is truly a spectacle to behold and is an elegant and timeless piece of Stuart history. The City staff has gone on record as saying they would be inclined to have no objection to an application for FLUM and re-zoning changes to allow for a Hotel with conditions for approval including limited roof top dining, adequate noise and overlooking shielding to neighboring residential properties, approval of public works and compliance with building and fire safety codes.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | - |
PROPERTY TAXES
| Parcel Number | 05-38-41-001-000-00070-7 | Improvements Assessment | $1,736,304 |
| Land Assessment | $2,290,170 | Total Assessment | $4,026,474 |
PROPERTY TAXES
