$3,000,000
Jensen Beach, FL 34957
MLS# M20053506
14152 sqft
1 / 23
Property Description
Recent sales of similar centers in Jensen Beach and Port St. Lucie are running about $230–$265 per square foot, with buyer returns in the mid-5% to low-7% range. This property is fully leased to stable medical and community-service tenants, so its value falls comfortably in that band even though current rents are still a bit below market. Two tenants had leases come due in 2025 and are now month-to-month, giving a new owner a clear chance to raise rents closer to market over the next few years. At the asking price of about per square foot, the property delivers an in-place return of roughly 7.1%, which offers both solid current income and room for future rent growth. It is also priced below what it would cost to build something similar today and is competitive with other retail-medical properties that have sold recently in the area.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2025-12-05
Status: Active
Original List Price: 4000000
List Price: $3,000,000
Current Price: $3,000,000
Seller Represented YN: Yes
Location and Legal
Country: United States
County Or Parish: Martin
County Parish Name: Martin
Street Number: 3405
Street Direction Prefix: NW
Street Name: Federal
Street Suffix: Highway
City Name: Jensen Beach
State Or Province: FL
Postal Code: 34957
Area: 6030 - Jensen Beach/Stuart - North of Roosevelt Br
Geographic Area: MRTC - Martin County
Parcel Number: 193741000000000505
General Property Information
Property Sub Type: Office
Building Area Main: 14152
Year Built: 1981
Parking Total: 82
Lot Size Area: 127935.72
Lot Size Acres: 2.94
Stories Total: 1
Financial Information
Tax Annual Amount: 46165
Tax Year: 2025
Tax Assessed/SOH Value: 2925340
Tax Legal Description: LONG LEGAL SEE Official Records
Short Sale Details
Short Sale Addendum: No
Status Change Information
Major Change Timestamp: 2026-03-31T15:42:55Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-03-31T15:42:55Z
Status Change Date: 2025-12-15
Income and Expenses
Net Operating Income: 266030
Originating Details
Originating System Key: 554720454
Originating System ID: M00000165
Property Features
Building Features: Free Standing
Business Type: Commercial; Medical; Professional/Office; Other
Heating: Central; Central Individual; Electric
Location of Property: Central Business District; County Location
Possession: Close Of Escrow; Subject To Tenant Rights
Property Condition: Resale
Zoning Information: Use Conforms To Zoning
Tenant Pays: Cable TV; Common Area Maintenance; Electricity; Insurance; Repairs; Sewer; Taxes; Water
Construction Materials: Block; Concrete; Stucco
Cooling: Central Air; Central Individual; Electric
Listing Terms: Cash; Conventional
Roof: Metal
Special Information: Sold As-Is; Corporate Owned; Presently Leased
Structure Type: Office; Retail
Utilities: Cable Available; Electricity Available; Sewer Available; Water Available
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany; Occupied
Listing Office: RE/MAX of Stuart
Last Updated: April - 09 - 2026
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