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1/23
$3,000,000 -$1,000,000 (-25%) Price Reduced
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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.
Full Property Details
Full Property Details for 3405 NW Federal Hwy
General
- Price: $3,000,000
- Taxes: $46,165 (2025)
- Status: Active
- Type: Office
- Source: Martin_County
- MLS ID: M20053506
- Updated: 3/31/2026
- Added to Site: 116 day(s) ago
Parking
- Covered Spaces: 82
- Total Spaces: 82
Location
- Area: 3-Jensen Bch Stuart - N Roosevelt Br
- County: Martin
- Subdivision: PINE VIEW
Community
- Community Name: 3-Jensen Bch Stuart - N Roosevelt Br
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric, Individual
Utilities
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Sewer Available, Trash Collection, Water Available
Structural Information
- Construction: Block, Concrete, Stucco
- Roof: Metal
- Stories/Levels: 1
- Year Built: 1981
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 2.937
- Lot Size: 2.937
Financial Considerations
- Tax Amount: $46,165
- Tax Year: 2025
- Terms: Cash, Conventional
- Tenant Pays: Common Area Maintenance, Cable TV, Electricity, Exterior Maintenance, Insurance, Repairs, Sewer, Taxes, Water
Disclosures and Reports
- Ownership: Corporation
- Special Conditions: Corporate Listing, Listed As-Is
- Legal Description: LONG LEGAL SEE Official Records
- Property ID: 193741000000000505
Listed by RE/MAX of Stuart
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Schools
Schools serving 3405 NW Federal Hwy
School District:Martin County School District
| Name | Grades | Distance |
|---|---|---|
Jensen Beach Elementary School 2525 Northeast Savannah Road, Jensen Beach, FL 34957 | PK-5 | 2.5 mi |
Stuart Middle School 575 Southeast Georgia Avenue, Stuart, FL 34994 | 6-8 | 3.8 mi |
Jensen Beach High School 2875 Northwest Goldenrod Road, Jensen Beach, FL 34957 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 3405 NW Federal Hwy
Date
Details
Price
Change
Source
3/31/2026
Price Reduced
$3,000,000
-25%
MLS
12/05/2025
Listed
$4,000,000
201.89%
MLS
6/25/2011
Sold
$1,325,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 3405 NW Federal Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2024
$43,901
—
$2,925,340
9%
2024
$43,901
9%
$2,689,000
11%
2023
$40,389
12%
$2,420,330
16%
2021
$36,115
-2%
$2,085,195
-6%
2022
$37,023
3%
$2,223,000
12%
2021
$36,115
4%
$1,985,900
1%
2019
$34,773
1%
$1,966,240
1%
2018
$34,301
10%
$1,940,852
-1%
2017
$31,138
5%
$1,966,240
—
2016
$29,759
4%
$1,966,240
35%
2015
$28,746
6%
$1,458,191
10%
2014
$27,241
-2%
$1,325,628
10%
2013
$27,697
—
$1,205,116
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3405 NW Federal Hwy
3405 NW Federal Highway, Jensen Beach, FL 34957 (MLS# M20053506) is a Office property. 3405 NW Federal Highway is currently listed for $3,000,000 and was received on December 05, 2025. Want to learn more about 3405 NW Federal Highway? Do you have questions about finding other Office real estate for sale in Jensen Beach? You can browse all Jensen Beach real estate or contact a Coldwell Banker agent to request more information.

