About 3405 Federal Highway
Recent sales of similar centers in Jensen Beach and Port St. Lucie are running about $230–$265 per square foot, with buyer returns in the mid-5% to low-7% range. This property is fully leased to stable medical and community-service tenants, so its value falls comfortably in that band even though current rents are still a bit below market. Two tenants had leases come due in 2025 and are now month-to-month, giving a new owner a clear chance to raise rents closer to market over the next few years. At the asking price of about per square foot, the property delivers an in-place return of roughly 7.1%, which offers both solid current income and room for future rent growth. It is also priced below what it would cost to build something similar today and is competitive with other retail-medical properties that have sold recently in the area.
Features of 3405 Federal Highway
| MLS® # | M20053506 |
|---|---|
| Price | $3,000,000 |
| Acres | 2.94 |
| Year Built | 1981 |
| Type | Commercial Sale |
| Sub-Type | Office |
| Status | Active |
Community Information
| Address | 3405 Federal Highway |
|---|---|
| Area | 3 - Jensen Bch Stuart - N Roosevelt Br |
| Subdivision | PINE VIEW |
| City | Jensen Beach |
| County | Martin |
| State | FL |
| Zip Code | 34957 |
Amenities
| Utilities | Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available |
|---|---|
| Parking Spaces | 82 |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Central, Electric, Individual |
|---|---|
| Cooling | Central Air, Electric |
| Fireplace | No |
| # of Stories | 1 |
Exterior
| Lot Description | 2.937 Acres |
|---|---|
| Roof | Metal |
| Construction | Block, Concrete, Stucco |
Listing Details
| Office | RE/MAX of Stuart |
|---|