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Executive Summary

Property Details
Address: NE Corner of Cove Rd & Willoughby Blvd
Land Size: 16.2 Acres
Price:
Lot 1 ±2.68 Acres $1,750,000
Lot 2 ±2.90 Acres $1,895,000
Lot 3 ±2.34 Acres $1,525,000
Lot 4 ±1.74 Acres $1,995,000
(Bulk Sale Pricing Available)
Terms: Terms acceptable to seller must contain a due diligence period and closing period not to exceed 150 days in aggregate.
Land Use: Limited Commercial, Cor-2
Future Land Use: Commercial Limited and Commercial/Office/Residential
Utilities: Water and Sewer provided by Martin County Utilities
The Offering
This 16.2 acre commercial site is located at the signalized corner of Cove Road and Willoughby Boulevard in the heart of Martin County, just a block from Cleveland Clinic. Ideal for a subdivision of medical offices or a large medical office campus, the land use and zoning in place allow for a variety of low intensity commercial uses.
The seller has discounted the pricing significantly from previous offers and expectations to facilitate a sale within 150 days of going to contract.

Property Facts Under Contract

Price $1,525,000 - $7,165,000
Sale Type Investment or Owner User
No. Lots 5
Property Type Land
Property Subtype Commercial
Total Lot Size 16.20 AC
Zoning C - Commercial

5 Lots Available

Lot 1

Price $1,750,000
Price Per AC $652,985.07
Lot Size 2.68 AC

Lot 2

Price $1,895,000
Price Per AC $653,448.28
Lot Size 2.90 AC

Lot 3

Price $1,525,000
Price Per AC $651,709.40
Lot Size 2.34 AC

Lot 4

Price $1,995,000
Price Per AC $1,146,551.72
Lot Size 1.74 AC

Lot 5

Lot Size 6.54 AC

Wetlands included in bulk purchase option

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
55-38-41-000-067-00040-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,945,054
  • Listing ID: 29800304

  • Date on Market: 10/16/2023

  • Last Updated:

  • Address: NE Corner of Cove Rd & Willoughby Blvd, Stuart, FL 34997

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