Address701 Se Tarpon Av, Stuart, FL, 34994
Price$2,290,000
- Commercial
- 7,048 SQ FT
- Built in 1958
This remarkable 34-room building, adjacent to the Police Station and a newly zoned redevelopment area, offers 7,048 sq ft under air and operates a successful business with a gross net operating income of $257,040. The property is zoned for many uses such as a motel, hotel, multi-family dwelling, and more. The current model focuses on renting rooms to veterans with honorable discharges, tapping into the shared housing industry. Bathroom Layout: Downstairs: 3 bathrooms (1 ADA), 4 toilets, 3 sinks, 2 common area sinks, 1 mop sink. Rooms: 28 rooms (10x12), 2 rooms (8x10), 1 room (12x12). Extras: 1 office (10x10), 2 showers, 2 washers, 2 dryers, 3 deep freezers, 2 tool rooms (extra $1,260/month rental income). Upstairs: 2 bathrooms, 4 showers, 4 sinks, 4 toilets. The property is currently 100%
Essential Information
- MLS® #RX-10987250
- Price$2,290,000
- Taxes$6,342 (2023)
- Square Footage7,048
- Acres0.20
- Price/SqFt$325 USD
- Year Built1958
- TypeCommercial
- Sub-TypeIncome, Hotel/ Motel
- StatusPrice Change
Community Information
- Address701 Se Tarpon Av
- SubdivisionRUFF'S LITTLE DIXIE
- CityStuart
- CountyMartin
- StateFL
- Zip Code34994
Style
Free Standing, Hotel / Motel, Medical, Resident. Multi-Fam.
Area
8 - Stuart - North of Indian St
Utilities
3-Phase Electric, Cable, Public Water
Appliances
Building and Land, Equipment, Fixtures, Furniture, Inventory, License, Tools, Trade Name
Cooling
Wall-Win A/C, Air Purifier, Central
Amenities
Interior
- HeatingElectric, Window/Wall
- # of Stories2
Exterior
- Lot DescriptionRUFF'S LITTLE DIXIE
- RoofTar/Gravel, Flat Tile
Additional Information
- Days on Website38
- ZoningShared Housing
Listing Details
- OfficeLux Properties
Price Change History for 701 Se Tarpon Av, Stuart, FL (MLS® #RX-10987250)
| Date | Details | Change |
|---|---|---|
| Status Changed from Active to Price Change | – | |
| Price Reduced from $2,400,000 to $2,290,000 | ||
| Status Changed from New to Active | – |
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