611 SW Federal Hwy - Medical FOR SALE


Stuart, FL 34994
$3,345,302 USD
772-291-8443
611 SW Federal Hwy, Stuart, FL for Sale
$3,345,302 USD
Medical - FOR SALE
1/9
null | 6.5% Cap Rate

611 SW Federal Hwy
Stuart, FL 34994


HIGHLIGHTS

  • Strategically located along SE Federal Highway in Stuart, FL
  • The plaza hosts a variety of stable, long-term tenants ranging from medical practices to professional service providers
  • Enhancements include brand new HVAC units installed in 2022; the parking lot has also been recently restriped and sealed
  • While already well-maintained, the property offers upside potential through possible rent escalations or tenant repositioning.

OVERVIEW

Northgate Plaza is a well-maintained professional and medical office complex located along the highly visible and accessible SE Federal Highway in Stuart, FL. The property spans 13,785 square feet and features a diverse tenant mix ranging from medical practices to professional service providers, ensuring a stable and consistent rental income. Key property improvements include the installation of brand new HVAC units in 2022, ensuring modern and efficient climate control for all tenants. Additionally, the parking lot was recently restriped and sealed, enhancing both the aesthetic appeal and functionality of the plaza. With its prime location in a high-traffic area, excellent visibility, and strong tenant base, Northgate Plaza offers an ideal opportunity for investors seeking a well-positioned, income-generating asset in the heart of Stuart's commercial corridor.

FOR SALE DETAILS

PRICE

$3,345,302 USD

PRICE/SF

$243 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Professional Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

UH/UN

APN/PARCEL ID

05-38-41-006-001-00050-4

ASK ABOUT THIS PROPERTY

Conor MackinJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-291-8443

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Conor MackinJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-291-8443

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