Riverfront Value-Add | Downtown Stuart 15 SE Seminole St

Matan Morag, Regency Realty Services, is pleased to offer this 25-unit riverfront value-add multifamily investment near US Highway 1. The property comprises three stories constructed on 0.52 acres, and its location affords future residents and visitors access to Stuart's vibrant downtown area. Guests of the property are treated to some of the best direct riverfront views, including the gorgeous Roosevelt Bridge in the background.

With proximity to the Beaches, this property offers ocean access, boat docking, and walkability to all downtown has to offer, including restaurants, shops, parks, trails, cultural activities, and much much more in this developing Southeast Florida city. The property's exceptionally rare, picturesque "Old Florida" aesthetic is perfectly complimented by the elongated ~240-foot boat dock on site that can be extended by over 100 feet. The dock is currently in excellent condition, but once extended, the dock can accommodate larger boats and even yachts.   

BRIGHTLINE ANNOUNCES STATION EXPANSION FOR DOWNTOWN STUART (MARTIN COUNTY): Brightline Station is approved and being built next to the property just a few minutes walking from the subject property at 500 SE Flagler Avenue, Stuart, FL 34994. Press Release at the link below: https://www.gobrightline.com/press-room/2024/brightline-announces-station-expansion-for-downtown-stuart-and-martin-county

The property at 15 SE Seminole Street offers investors a centrally located asset that benefits from the influx of new residents and proximity to various retail and consumer amenities. Over the past four years, the population within a 2-mile radius has grown by 2.4% collectively. Although many residents within a 2-mile radius own their own homes, renter demand has remained steady, and rent growth is projected to strengthen during the fourth quarter of 2024.

According to CoStar Analytics, meaningful rent growth is expected to reach 2% to 3% throughout 2025.   15 SE Seminole Street is centrally located in downtown Stuart, which offers access to some of South Florida's most important travel arteries, localities, and attractions. Residents of the property are afforded expedient access to US Highway and Interstate 95, which serves as the two most essential roadways running down Florida's Atlantic Coast. With such easy access to the Interstate 95 corridor, Palm Beach and the Palm Beach International Airport can be reached in under an hour.

Downtown Stuart is the city's eclectic heart, exuding historic charm and Old Florida character in a walkable locale. The district is defined by a slew of independent shops, sidewalk cafes, eateries, and the vintage Lyric Theatre that line Southwest Osceola Street, contributing to the area's quaint atmosphere and convenient amenities. Downtown Stuart borders the Lucie River, boasting scenic waterfront views and ample opportunities for outdoor recreation. Residents also enjoy outdoor activities at Shepard Park and Memorial Park. Cleveland Clinic Martin Health sits in the northeastern portion of the neighborhood, providing many residents with short commute times. Rentals in this area are incredibly diverse, ranging from luxury apartments and waterfront condos to cozy houses and townhomes tucked along quiet residential streets.