701 SE Tarpon Avenue, Stuart, FL, 34994
1958
7,048 sqft
This remarkable 31-room building is located in a prime location, next to the Police Station and a newly zoned redevelopment area. 7,048 square feet under air, this building not only offers a fantastic space but also operates a successful business with a gross net operating income of $234,560.00. The current business model focuses on renting rooms to veterans with an honorable discharge, tapping into the shared housing industry. This niche market provides a steady stream of income and an opportunity to serve those who have served our country. Additionally, the property offers the flexibility to transform from a FOR-profit building to a NON-profit establishment, this property can also be utilized as an assisted living facility or possibly a HOTEL. The opportunities are endless! 6% ROI
Status:
Active
Type:
Commercial
Units:
31
Zoning:
Shared Housing
Complex:
RUFF'S LITTLE DIXIE
Building Type:
Free Standing,Hotel / Motel,Medical,Resident. Multi-Fam.
Heating:
Electric, Window/Wall
Cooling:
Air Purifier, Central, Wall-Win A/C
Levels:
2
Acreage:
0.2
Est. Taxes:
$6,342
Current Use
Hotel/ Motel,Income
Utilities
Cable,Electric,Public Water
Lease Term Type:
Annual
Owner Pays:
None
MLS #:
RX-10987250
Community Info
School Info
Walk Score
Yelp
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