±6.83 Acre Commercial Development Site

11850 SE Bridge Rd Hobe Sound, FL 33455

11850 SE Bridge Rd, Hobe Sound, FL, 33455
11850 SE Bridge Rd, Hobe Sound, FL, 33455 11850 SE Bridge Rd, Hobe Sound, FL, 33455 11850 SE Bridge Rd, Hobe Sound, FL, 33455 11850 SE Bridge Rd, Hobe Sound, FL, 33455
FOR SALE
Property Type:
Commercial Land Development
Amount:
$2,750,000
Last Verified:
Mar 03, 2022


Description

This 6.83 Acre site is zoned PUD as part of the Island Crossing PUD (Publix anchored shopping center) and was previously proposed for 28,200 square feet of retail and office space. The site could be developed with a wide range of uses in accordance with the PUD.
The Hobe Sound neighborhood is a town of significant affluence, and very limited competing development. Bridge Road is the main connection between Jupiter Island and I-95 and the subject is well positioned just west of US Highway No. 1.
The most recent commercial development in the neighborhood, Martin’s Landing recently sold for $468 per square foot.

±6.83 Acre Commercial Development Site

Lot Size: 6.83 acres

Map of 11850 SE Bridge Rd, Hobe Sound, FL, 33455

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.