About This Property

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.

Key Features

• 27,600 SquareFeet Lot
• Built in 1970

Property Details

• Type: Single Family Home
• Year Built: 1970
• Lot Size: 27,600 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 27,600 SquareFeet Lot
• Feature: Built in 1970
• Status: Active
• MLS Number: 1190655496
• Days on Market: 2
• Listed By: Palm Beach Property Buyers LLC · Jason Souwed
• Zip Code: 33455