Offered at $680,000, this 0.69± acre development parcel presents an outstanding opportunity to acquire highly visible commercial land along SE Federal Highway in Hobe Sound, Florida. Featuring approximately 100± feet of direct frontage on one of the area's primary transportation corridors, the property offers excellent exposure and accessibility for a variety of commercial and residential development concepts.
The parcel benefits from flexible land use regulations that permit a wide range of uses, including office, retail, restaurant (excluding drive-thru), multifamily residential, apartments, hotel/motel, daycare facilities, and other compatible commercial uses. The current zoning also permits the development of up to seven townhomes, creating an attractive opportunity for residential developers seeking infill development sites within a growing coastal market.
Additional upside exists through the potential acquisition of the adjacent parcel to the north (PCN: 34-38-42-021-000-00070-1), which may be available for purchase. Together, the two properties would create a larger assemblage totaling approximately 1.38± acres with approximately 200± feet of frontage along SE Federal Highway. Possible owner financing may be available for qualified buyers.
Robert Hamman
SVN Waterfront Commercial Realty
