
$2,500,000
Commercial for Sale, 11150 SE FEDERAL Highway, Hobe Sound, Florida 33455
- MLS#B26075520
Listed By Palm Beach Property Buyers LLC
The Commercial Property for Sale located at 11150 SE FEDERAL Highway, Hobe Sound, Florida 33455 is currently for sale.
Description
Excellent Hobe Sound investment opportunity directly on US-1/SE Federal Hwy with high visibility and easy access. Existing rents have not been raised in years, offering significant rental upside. Additional land between the duplex and commercial plaza may provide potential for another duplex or additional commercial space. Detached garage on the west side has its own electric meter and may offer potential conversion to an efficiency unit. Located approximately 10 minutes from Hobe Sound Beach/Jupiter Island and 7 miles from I-95. General Commercial Future Land Use and located within the Hobe Sound CRA. Excellent value-add opportunity. Unique mixed-use investment opportunity with multiple potential value-add strategies. Property includes an existing commercial plaza, duplex, detached garage and additional land. Current rents have not been increased in years, creating significant potential upside through future rent adjustments. Additional land located between the duplex and plaza may offer the potential to construct another duplex or expand the existing commercial/plaza space. The detached garage on the far west side of the property has its own electric meter and may potentially be converted into an additional efficiency unit. Excellent US-1/SE Federal Highway exposure in the growing Hobe Sound market, approximately 10 minutes from Hobe Sound Beach and Jupiter Island and approximately 7 miles from I-95. General Commercial Future Land Use and located within the Hobe Sound CRA. Ideal for an investor, owner-user or developer looking for existing income combined with future expansion potential.
Location
11150 SE FEDERAL Highway, Hobe Sound, Florida 33455
Property features
Lot/Land
- Land/Lot size:
2,564 m² (27,600 ft²)
Construction
- Year built: 1970
- Roofing: MetalAluminium
- Condition: RemodeledRenovated
- Construction: Cbs ConstructionConcrete/Block
- Exterior: Stucco
Parking/Garage
- Parking description: RV/Boat Parking
Security
- Features: Smoke Detector
Heating and Cooling
- Heating System: Central
- Cooling System: Central AC
Utilities
- Telecommunication: Cable Available
- Other utilities: Sewer/SepticPublicSeptic Tank