For Sale Subject To Offer
Property Type VacantLand
Lot Size 336,719 Acre
Date Updated Jan 24, 2024

Address: NE Corner of Cove Rd & Willoughby Blvd Land Size: 16.2 Acres Density: Up to 15 Units per acre based on SB 102 (See Page 3 and Pre-App report in Due Diligence file) Land Use: Limited Commercial, Cor-2 Future Land Use: Commercial Limited Utilities: Water and Sewer provided by Martin County UtilitiesThis is an opportunity to purchase a 16.2-acre parcel of land in Martin County within the urban service district, with Commercial Limited and COR Land Use designations in place. The owner has met with the county regarding an SB102 development and the pre-application meeting summary can be found in our due diligence folder. The seller is looking for qualified developers, who intend to seek development approval under SB102 for the development of a multifamily project. The seller recognizes the time table for development, and is looking for the time table of the contract to follow the approval time table with hard non-refundable deposits along the way, as milestones are reached. Development opportunities such as this are hard to find in Martin County and although SB102 has opened up some additional opportunities, the location of this opportunity is prime for residential apartment development.

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Attachments

16.2 Acres NE Corner of Cove Rd & Willoughby, Stuart_For Sale.pdf (PDF) opens in new window

Contacts

Nikolaus M. Schroth, CCIM

NAI Southcoast

(772) 286-6292

Location

Getting Around

Walk Score ®
37/100 Car-Dependent
Bike Score ®
48/100 Somewhat Bikeable

City Stuart, FL
Neighborhood South Stuart
Zip Code 34997

Points of Interest

Mobile

0.43 miles
Speedway

0.95 miles
Speedway

1.18 miles
Sunoco

1.24 miles
Mobil

1.27 miles
Texaco

1.75 miles
Marathon

1.85 miles
Mobil

2.16 miles
Citgo

2.17 miles
Stuart Marathon

2.36 miles

Witham Greenway Trailhead

2.55 miles
Sailfish Parking Lot

2.67 miles
City Hall Lot

2.76 miles
Gilbert's Bar Parking

5.32 miles

Suburban Extended Stay Hotel Stuart

1.30 miles
Monterey Inn and Marina

1.33 miles
Clarion Inn Federal Hwy 1

1.79 miles
Best Western Downtown Stuart

1.86 miles
Quality Inn Downtown Stuart

1.97 miles
Royal Palms Motel

2.42 miles
Old Colorado Inn

2.65 miles
Courtyard by Marriott Stuart

3.67 miles
Holiday Inn Express Stuart

3.88 miles
Hampton Inn & Suites - Stuart North

4.16 miles

Hurricane Grill & Wings

0.73 miles
Chick-fil-A

0.84 miles
Subway

0.85 miles
Wendy's

0.86 miles
Big Apple Pizza

0.86 miles
Carrabba's Italian Grill

0.87 miles
Outback Steakhouse

0.95 miles
Thep Thai Restaurant & Sushi Bar

0.95 miles
McDonald's

0.97 miles
Bono's

1.05 miles

Martin County High School

0.69 miles
Challenger School

1.44 miles
Pinewood Elementary School

1.61 miles
JD Parker Elementary School

1.85 miles
Saint Joseph Catholic School

1.96 miles
Spectrum Academy

2.08 miles
Community Christian School

2.08 miles
Martin County Private School

2.20 miles
Indian River State College

2.26 miles
Stuart Middle School

2.32 miles

Gertrude Walden Day Care Center

2.14 miles

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