Covered Land Play with Income
$2,450,000
1940 SE Salerno Rd, Stuart, FL 34997
For Sale
Land
Active
Last Updated: 07/24/2025
4.29 acres
Lot Area
Details:
Lot Area: 4.29 acres
Highlights:
- Site is improved as follows:
- - 3BD/3BA 2,140sf single family home with pool and 2 car garage
- - 1,056sf tandem garage
- - 1,300sf storage garage
- - 2BD/1BA 1,250sf apartment above storage garage
- - small office building and pole barn
Description:
This 4.29 acre redevelopment site is located at the corner of Salerno Rd & Tower Drive, and adjacent to Cleveland Clinic's Martin South Hospital and Indian River State College. Short term tenancies offers investors and developers the opportunity to generate income while carrying this investment until ripe for development. Current gross income potential is approx. $126,000 annually. Contact agent for income & expense projection.
Current zoning is A-1A Agricultural, with a Future Land Use designation of Rural Density.
Right next to Cleveland Clinic Martin South
Location
