12360 SE Dixie Highway, Hobe Sound, FL 33455

Property Description

Unique Property. Located on Dixie Hwy south of Bridge Rd. This site is 1 mile from our beautiful Hobe Sound Beach. Downtown is 1/2 mile away. The property surrounding the parcel is now owned by the County of Martin which makes this parcel particularly appealing for a high end multi family development of beween 13 and 14 units. Land Use calls for 15 units to the acre. Infrastructure is very nearly finished! New road, 19 on street parking spaces, sidewalks in, lift station at SE Corner, fire hydrants in place. This equates to approximatley 30% plus of development costs! Give a call and see if this opportunity works for you! SPECIAL BONUS: Existing building now generates $4,500.00 per month rental income.