5010 SE Railway Ave, Stuart, FL 34997

Invest in the historic fishing village of Port Salerno, the Sailfish Capital of the World, in Martin County, Florida. This is a tremendous opportunity to capitalize on real estate appreciation, rental income, and scheduled increases in rental rates. Property consists of three free-standing rental cottages approximately 750 square feet each. These 2 bedroom/1 bath cottages are currently being used for rental income. They generate $$60,000 annually. Let renters pay for this investment with positive cash flow! This gateway property is steps away from the Manatee Pocket Marina and just minutes to the St. Lucie inlet and the Atlantic Ocean. Property is located in the Mixed Use Commercial Town Center Overlay CRA (Community Redevelopment Association), allowing retail, mixed use, town home, and multi-family projects. Unlimited opportunities for rental income and future mixed use retail; perfect for marine related industries or builders for multi-family projects such as town-houses. This listing consists of 6 separate lots all located in the community redevelopment near the downtown district in Port Salerno. The C.R.A. allows mixed use development. It is developed to appeal to developers and builders to build and live in their working environment. In other words, commercial downstairs and residential above. 3 stories allowed. Principals only, no brokers please. This property could also be run as a Airbnb vacation rental business, charging for daily or weekly stays.This could net the owner $150,000 per year or more. Visit the Airbnb site calculator to find out more information. Up Date up to # 3 more dwellings are allowed to be built in the rear of this property making a total of #6 rental units possible Investment Highlights ?Port Salerno is a historic waterfront fishing village located in the heart of Martin County Florida. ?Port Salerno is home to the Manatee Pocket ?Marina and Entertainment District which is the central hub of Port Salerno and is popular for its dining, arts, entertainment, festivals, and night life. ?The area also offers easy access to the St. Lucie Inlet and the Atlantic Ocean which greatly bolsters the marine related industry and nearby synergistic businesses. ?Also nearby is Sandsprit Park, a community park with access to boat ramps, fishing areas, and great open space to explore. ?Martin County has increasingly become a more desirable place to live as citizens from all over flee to South Florida seeking warmer weather, job opportunities, and more favorable tax laws. ?Don’t miss this opportunity to acquire a key property at the very heart of Port Salerno’s exciting CRA district! Investment Highlights ?Port Salerno is a historic waterfront fishing village located in the heart of Martin County Florida. ?Port Salerno is home to the Manatee Pocket ?Marina and Entertainment District which is the central hub of Port Salerno and is popular for its dining, arts, entertainment, festivals, and night life. ?The area also offers easy access to the St. Lucie Inlet and the Atlantic Ocean which greatly bolsters the marine related industry and nearby synergistic businesses. ?Also nearby is Sandsprit Park, a community park with access to boat ramps, fishing areas, and great open space to explore. ?Martin County has increasingly become a more desirable place to live as citizens from all over flee to South Florida seeking warmer weather, job opportunities, and more favorable tax laws. ?Don’t miss this opportunity to acquire a key property at the very heart of Port Salerno’s exciting CRA district!