About this home
Excellent Hobe Sound investment opportunity directly on US-1/SE Federal Hwy with high visibility and easy access. Existing rents have not been raised in years, offering significant rental upside. Additional land between the duplex and commercial plaza may provide potential for another duplex or additional commercial space. Detached garage on the west side has its own electric meter and may offer potential conversion to an efficiency unit. Located approximately 10 minutes from Hobe Sound Beach/Jupiter Island and 7 miles from I-95. General Commercial Future Land Use and located within the Hobe Sound CRA. Excellent value-add opportunity. Unique mixed-use investment opportunity with multiple potential value-add strategies. Property includes an existing commercial plaza, duplex, detached garage and additional land. Current rents have not been increased in years, creating significant potential upside through future rent adjustments. Additional land located between the duplex and plaza may offer the potential to construct another duplex or expand the existing commercial/plaza space. The detached garage on the far west side of the property has its own electric meter and may potentially be converted into an additional efficiency unit. Excellent US-1/SE Federal Highway exposure in the growing Hobe Sound market, approximately 10 minutes from Hobe Sound Beach and Jupiter Island and approximately 7 miles from I-95. General Commercial Future Land Use and located within the Hobe Sound CRA. Ideal for an investor, owner-user or developer looking for existing income combined with future expansion potential.
Listing last checked: Listing updated:
Listed by Jason Souwed · Palm Beach Property Buyers LLC · MLS #B26075520
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Details at a glance
Interior2 property facts
- Heating
- Central
- Cooling
- Central Air
Building4 property facts
- Style
- Mixed Use
- Year built
- 1970
- Parking
- 30
- Roof
- Aluminum, Metal
Land & utilities4 property facts
- Lot size
- 0.63 acres
- Water
- Public
- Sewer
- Septic Tank
- Zoning
- R-3A
Financial2 property facts
- Annual taxes
- $12,969
- Assessment year
- 2025
Location
Estimated monthly cost
Explore costs at the $2,500,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$13,722 / monthAdjust
- Principal & interest
- $12,641
- Property tax
- $1,081
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $12,969. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
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About 11150 SE FEDERAL Highway
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