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4667 SE Binnacle Way 4 Plex Is in the heart of Port Salerno CRA district. The 4 plex sits on over a 1/3 acre and is concrete block construction with 3822 Sq Ft. The property is on city water and septic. The front building and top unit on the back building has impact windows. The roofs are newer and the electric system on the front building is upgraded. The interior of all units have been updated and have tile floors. The front building has 2 garage spaces which are rented at $75.00 per bay. On the west side of the front building there is additional gated storage. Property stays rented due to the location and demand.
This is a very rare opportunity to acquire a Riverfront site with very wide waterfront views in the dynamic City of Stuart, Florida. The site has many possible uses including restaurant, retail, office, residential, etc. There is also the possibility to combine with adjoining properties if a larger project is desired. Seminole Street last year was approved to be part of the downtown parking waiver ordinance; this is a significant benefit to most redevelopment on Seminole. The City is supportive of redevelopment projects and business friendly. One possibility is to take advantage of the approvals in place for the attached four story six unit condominium building. There is a possibility that this could be converted to a boutique style hotel. The Downtown Boardwalk is being extended from Saint Lucie Blvd along the Seminole Street waterfront to Colorado Ave. This construction will commence very soon. These improvements inspired the recently opened Boathouse Restaurant and will inspire redevelopment of the balance of Seminole Street. Stuart Main Street and the Downtown Business Association have gone on record supporting the redevelopment efforts of Seminole along with the City Commiss
Well-built and nicely appointed 5-unit Apartment Complex located in desirable Downtown Stuart. This Property features wood flooring throughout, along with an open floor plan and a large balcony/porch to enjoy the quiet neighborhood. The main structure features 4 units, two upstairs and two downstairs. A detached home just behind the main building features a residence above, with parking below. This sought-after neighborhood is within walking distance to Downtown Stuart' s tree-lined streets and quaint Sidewalk Cafés, Restaurants, Art Galleries, unique Boutiques, The Lyric Theater, Martin County Courthouse, Martin Memorial Hospital and the County Administrative Center. Live or work in the heart of charming Downtown Stuart. Call Listing office for Financial Details.