Approvals in place for a 154 unit Assisted Living Facility with Memory Care Unit.
We are pleased to present +/- 6.67 acres of prime commercial land. The parcel is situated along SE Federal Highway, just north of Hobe Sound, Florida. There are approvals in place to allow for an Assisted Living Facility and Memory Care Unit. The proposed building can be up to 124,368 gross square feet.
In addition to this parcel, we are also excited to present the adjacent plat of +/- 2.68 acres. The approvals are in place for a 10,000 square foot multi-bay retail building and a 6,000 square foot freestanding restaurant. Overall, this site can accommodate up to 20,000 square feet of retail.
The parcels are located at the signalized intersection of SE Federal Highway and SE Mariner Sands Drive. The retail plat has US 1 frontage. There is a small amount of frontage in the ALF plat.
Situated between the community of Hobe Sound and Stuart, Florida, this stretch of SE Federal Highway is rapidly expanding. Both residential and retail projects are approved and construction will begin by year’s end. Because of this expansion, the number of households within a five mile radius of these sites is projected to be over 63,000 by 2025. There is easy access to I-95, all of Stuart and Jupiter.
Call Chris today to discuss the sites and the potential opportunities that await.
