120 M.L.K. Jr Blvd - Hospitality FOR SALE


Stuart, FL 34994
$4,300,000 USD
772-205-8306
120 M.L.K. Jr Blvd, Stuart, FL for Sale
$4,300,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

120 M.L.K. Jr Blvd
Stuart, FL 34994


HIGHLIGHTS

  • Across The Street From The Brightline Stuart Train Station Estimated Completion 2026
  • In The Heart Of The Creek District of Arts & Entertainment
  • On Bruner Pond Park

OVERVIEW

MICRO Hotel on bruner pond is the second phase of the MICRO on bruner pond development created by a local community THINK TANK called 901 hub, Inc. https://www.901hub.com The proposed boutique hotel is located in the heart of The Creek District of Arts & Entertainment in Stuart Florida across the street from the newly approved Stuart Brightline Train Station. Brightline is scheduled to open the Stuart Train Station in 2026. https://www.youtube.com/watch?v=yO1is-b_fLY Sunshine Construction & Development is the Design Build General Contractor. https://www.sunshinecad.com The proposed hotel is located within Bruner Pond Park and nestled along Frazier Creek with waterfront views of Bruner Pond and the mature oak trees within the park. In addition to the new train station, MICRO Hotel is several steps from the Kindred Ave local tram stop owned and operated by the City Of Stuart. https://www.thecreekdistrict.org. Construction is to begin in 2025 with an estimated completed date of June 2026 with a valve of $4.3 million. The first phase of the project sold as a design build development and scheduled to break ground in 2025. Sunshine Construction and Development is the Design Build General Contractor. The land owners, PAAK Stuart, LLC, signed a master lease to occupy the property as an Open Air Art Gallery called Art Farm to support the growth of the local art community. The Open Air Gallery is now pre-leasing to artists, food vendors, and entertainers. The Open Air Art Gallery and Art Farm concept will be maintained throughout the final MICRO on bruner pond development. Contact Capital Partners Commercial Real Estate, LLC for details.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$1,034 USD /SF

# OF ROOMS

26

PRICE/ROOM

$165,385 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MICRO on bruner pond

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

Hotel, undefined

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

2026

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

CRA/Creek District

APN/PARCEL ID

04-38-41-000-000-00322-0

ASK ABOUT THIS PROPERTY

Anthony OlivieriCapital Partners Commercial Real Estate LLCMore Info
772-205-8306

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Anthony OlivieriCapital Partners Commercial Real Estate LLCMore Info
772-205-8306

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.