2 Acre Mixed Use Development Opportunity

Property Overview:

Calling all developers, here is an opportunity you won’t soon see again. Here is your chance to develop a mixed-use project in the heart of the town center overlay section of the Port Salerno CRA which is located along the commercial waterfront of highly desirable and fast-growing Martin County Florida.

This offering consists of 5 separate parcels all under the same ownership, that when combined add up to ±2 acres. The largest .66 acre parcel is currently home to a 9,231 SF concrete block community shopping center that is divided into 6 separate bays which all have central HVAC. In total, all 6 retail units produce $166,000 in income annually.

In addition to the retail center, there are two single family homes on the property. One is a 648 SF frame house built in 1954, the other is a 1,140 SF frame house that was built in 1958. Currently, both are unoccupied. The parcel is located prominently on Salerno Road near the intersection at Dixie Hwy which is the main gateway into the central hub where all the commercial activity in Salerno takes place.

This property benefits from its inclusion in the Port Salerno CRA, making it a perfect play for a mixed-use development including but not limited to: residential, retail, and or office uses. The entire area has been experiencing a modern renaissance over the previous few years and recent CRA improvements include an exciting streetscape beautification project featuring new pedestrian friendly sidewalks, landscaping, the addition of on-street parking and public utilities.

Location Overview

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.