8805 SE Federal Highway, Hobe Sound, FL 33455

Description of 8805 SE Federal Highway, Hobe Sound, FL 33455

Fully Approved and entitled 13-unit development site in the high-growth community of Hobe Sound, FL, delivered with all engineering, architectural, environmental work needed to start construction within 30-60 days. High-profit potential development for mid-sized developers and investors looking to avoid high entry barriers and seeking to capitalize on the tremendous growth of Southern Martin County and Northern Palm Beach County. Brand New Publix is Under Construction Less Than 1,000 feet from the property. For sale is a fully approved and entitled, boutique suburban garden multifamily development opportunity in the high-growth community of Hobe Sound, Florida. The subject site is on the east side of SE Federal Highway (US Highway 1). The parcel is ideally located in the southern region of Martin County, connecting directly to Northern Palm Beach communities of Jupiter, Tequesta, Palm Beach Gardens, and less than 2 miles from Stuart's primary retail corridor. The site sits among many retailers and restaurants and enjoys convenient access to multiple golf courses, public parks, beaches, municipal facilities, and transportation corridors. Current ownership has spent the past 30 months navigating Martin County's high development barriers to secure full entitlements for the maximum density, 13-unit multifamily project. The site has been fully rezoned, with full sign-off approval of the submitted site plan, providing a developer to break ground on the property upon completing final architectural and construction documents. All county and state third party reviews and approvals are complete. An alternative, 8-unit townhouse site plan is also available if a developer chooses to construct for-sale townhouse units. Adjacent property owners have indicated a willingness to sell if a buyer seeks a larger multifamily or mixed-use development project. The property consists of just under one acre of cleared land, with off-site drainage and retention agreements. Recent ESA Phase I and Wetlands & Wildlife reports indicate no entitlement or development hurdles. The site provides prospective developers with a unique opportunity to participate in the booming growth of Stuart/Hobe Sound without having to navigate the tremendous hurdles and high barriers to entry typically facing developers in Southern Martin County.

Property Details for 8805 SE Federal Highway, Hobe Sound, FL 33455

Pool Private

No

Direction Faces

West

Building Information for 8805 SE Federal Highway, Hobe Sound, FL 33455

Building Area Units

Square Feet

Association

No

Property Information for 8805 SE Federal Highway, Hobe Sound, FL 33455

Lot Features

Beach Area, 1/2 To Less Than 3/4 Acre Lot, Cleared Land, Muck/Grade, Beach Access, Cleared, De-Mucked

Lot Size Square Feet

40,088

Waterfront

No

View

No

Sewer

At Site, Public Sewer, Other, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 8805 SE Federal Highway, Hobe Sound, FL 33455

Parcel Number

343842061000001603

Tax Annual Amount

$2,124

Tax Year

2,020

Tax Legal Description

SUBURBAN HOMES & GROVES PART OF LOT 16 DESC AS: BEG S/LN LOT 44, HOBE HEIGHTS & ELY R/W US 1, ELY ALG S/LN LT 44 205.57'

Zoning

COR

County Or Parish

Martin County

Location