Introducing an Incredible Opportunity in Stuart, Martin County!

Description

Introducing a unique opportunity in Stuart, Martin County!

This remarkable 31-room building is located in a prime location, surrounded by the Police Station and a newly zoned redevelopment area. The city of Stuart is experiencing active growth, making it an ideal investment for savvy buyers.

With a spacious 7,048 square feet, this building not only offers a fantastic space but also operates a successful business with a gross net operating income of $234,560.00. The current business model focuses on renting rooms to veterans with an honorable discharge, tapping into the shared housing industry. This niche market provides a steady stream of income and an opportunity to serve those who have served our country.

The property has tremendous upside potential, as the city has recently purchased the building across the street, adding significant value to the property and offering lots of potential for future growth and opportunity. This development will bring numerous benefits and opportunities in the future. Additionally, the property offers the flexibility to transform from a for-profit building to a non-profit establishment, unlocking access to government grants and donations and allowing the future owner to step into a world of opportunities in the shared housing industry. This property can also be utilized as an assisted living facility. There’s plenty of money to be made with this property.