3405 NW Federal HWY, Jensen Beach, FL 34957
3405 NW Federal HWY, Jensen Beach, FL 34957
3405 NW Federal HWY, Jensen Beach, FL 34957
3405 NW Federal HWY, Jensen Beach, FL 34957
3405 NW Federal HWY, Jensen Beach, FL 34957
3405 NW Federal HWY, Jensen Beach, FL 34957
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Tera Parsons

Tera Parsons

+1(772) 260-6591
Listed by Rosi Shepard • RE/MAX of Stuart • 772-323-7037
$ 3,000,000
Est. payment | /mo

2.94 Acres Lot

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$ 3,000,000
Est. payment | /mo
Save

2.94 Acres Lot

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Pine View

MLS Listing ID M20053506

Construction Status Resale

Year Built 1981

Annual Tax Amount $46,165

Tax Year 2025

Lot Size 2.937 Acres

Acres 2.937

Property Sub-Type Office

Property Description

Recent sales of similar centers in Jensen Beach and Port St. Lucie are running about $230–$265 per square foot, with buyer returns in the mid-5% to low-7% range. This property is fully leased to stable medical and community-service tenants, so its value falls comfortably in that band even though current rents are still a bit below market. Two tenants had leases come due in 2025 and are now month-to-month, giving a new owner a clear chance to raise rents closer to market over the next few years. At the asking price of about per square foot, the property delivers an in-place return of roughly 7.1%, which offers both solid current income and room for future rent growth. It is also priced below what it would cost to build something similar today and is competitive with other retail-medical properties that have sold recently in the area.

Location

State FL

County Martin

Area 3-Jensen Bch Stuart - N Roosevelt Br

Interior

Heating Central, Electric, Individual

Cooling Central Air, Electric

Fireplace No

Exterior

Utilities Available Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available

Roof Type Metal

Total Parking Spaces 82

Building

Story 1

Construction Status Resale

Others

Tax ID 193741000000000505

Ownership Corporation

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Corporate Listing, Listed As- Is

Martin County REALTORS® of the Treasure Coast (MCRTC MLS)

Nearby Locations

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Tera Parsons
Tera Parsons

Agent | License ID: 3295190

+1(772) 260-6591

16654 SW Warfield Blvd, Indiantown, Florida, 34956, United States

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3405 NW Federal HWY