0 Coconut Cay Ave - Residential LAND FOR SALE


Stuart, FL 34997 87,120 SF
$3,400,000 USD
772-708-1518
0 Coconut Cay Ave, Stuart, FL for Sale
$3,400,000 USD
Residential LAND - FOR SALE
1/8
87,120 SF

0 Coconut Cay Ave
Stuart, FL 34997


HIGHLIGHTS

  • APPROVED 20 UNIT MULTI FAMILY SITE
  • ALL INFRASTRUCTURE COMPLETED
  • CONCRETE ROAD INSTALLED
  • LIFT STATION INSTALLED
  • WATER DRAINAGE AND GREEN AREA COMPLETED
  • ONE UNIT & MANAGEMENT OFFICE COMPLETED

OVERVIEW

Landmark Investments is proud to present Coconut Cay. Coconut Cay 20-unit site is centrally located in South Stuart just west of Mariner Sands Country Club off US1. This site is 2 acres and is ready to be developed. All infrastructure is installed including 1 completed unit and management office/ GYM. Coconut Cay has flexibility with use and exit strategy; moreover, creating HOA docs would give the opportunity of selling the units off individually. The Northwestern portion of the property is the green area/ water retention area known as the preserve area. The entrance to the property is on Morningside Drive. Download Offering Memorandum which will illustrate the estimated site/ building cost which will yield an estimated 6% cap rate.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/ACRE

$1,700,000/AC

PRICE/SF

$39 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Cottages At Coconut Cay 20 Units

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Single Family Development

LAND ACRES

2 AC

LAND SF

87,120 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

Multi Family

APN/PARCEL ID

36-38-41-003-000-00110-0

ASK ABOUT THIS PROPERTY

Mel RobinsonLandmark Investments & Real EstateMore Info
772-708-1518

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Mel RobinsonLandmark Investments & Real EstateMore Info
772-708-1518

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