14,152 sqft

$3,100,000

3405 NW Federal Highway, Jensen Beach FL, 34957

Price per sqft$219.05

Built in1981

Property size14,152 sqft

Property typeCommercial

Courtesy of Rosi Shepard with RE/MAX of Stuart

Overview

Sold

Closed

Listed Dec 15, 2025

Updated 3 weeks ago

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.

Other Property Details

Taxes: $46,165
Tax Frequency: Annually

Courtesy of RE/MAX of Stuart, Rosi Shepard,
Listing Contact: 772-323-7037

Based on information from Martin County REALTORS of the Treasure Coast, Inc. (RAMC) as of 9/17/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Data last updated 5:45 AM UTC, 9/17/2026