13
Map
$299,000
●
Land -
For Sale
5120 & 5110 SE Jack Avenue
Stuart, FL 34997
Studio
0 Bath
$1,578
Est. Monthly
About This Property
Rare development opportunity in Port Salerno! Two separate vacant
lots, each with its own PID number, being sold together. Martin
County Growth Management has provided preliminary information
indicating the properties are located within the Port Salerno
Redevelopment District with a future land use designation of CRA
Center, offering a variety of potential development possibilities.
With no HOA and situated on the busy corner of Salerno Road and
Jack Avenue, this property presents an excellent opportunity for
investors, developers or business owners. One of the last remaining
vacant parcels in the area, offering high visibility and a short
drive to the charming downtown area of Port Salerno with close
proximity to pristine beaches and entertainment. Manatee Pocket is
also a major attraction for boaters and water enthusiasts, adding
to the appeal of this well-positioned property.
Unit Size
-
Days on Market
34 days
Land Size
0.33 acres
Price per sqft
-
Property Type
Land
Property Taxes
$110
HOA Dues
-
Year Built
-
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 months ago (MCRTC #M20056652)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 24, 2026 | Listed by Berkshire Hathaway Florida Realty | $299,000 | |
| Listed by Berkshire Hathaway Florida Realty | |||
| Jan 7, 2026 | Price Decreased |
$120,000
↓ $10K
(7.7%) | |
| Price Decreased | |||
| Jul 8, 2025 | Listed | $130,000 | |
| Listed | |||
| | |||
|
The subject property is located at 5120 SE Jack Avenue. This is an empty lot within the CRA. There are multiple uses including single family residential, duplex, hospitality and commercial. The lot dimensions are 150 feet x 50 feet. Utilities are in placed.
| |||
| Jun 30, 2022 | Sold | ||
| Sold | |||
| May 13, 2021 | Listed by Atlantic Shores ERA Powered | $250,000 | |
| Listed by Atlantic Shores ERA Powered | |||
| | |||
|
2 lots 150 feet X 50 feet on Salerno Rd and on Jack Ave. Many uses available. See attachments for documentation. The Community Redevelopment Authority will permit a 6 room Inn with storefront on the bottom floor. Martin County is putting in Water that will be done by the end of August 2021.
| |||
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Property Highlights
Exterior Details
Lot Size Area: 0.327
Lot Size Units: Acres
Lot Size Acres: 0.327
Lot Size Square Feet: 14250
Lot Size Dimensions: 150 x 95
Tax Lot: 15 &
Financial Details
Tax Annual Amount: $1,315
Location Details
HOA/Condo/Coop Fee Includes: None
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Port Salerno
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Listed by: Caroline Barca, Berkshire Hathaway Florida Realty
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20056652
Last Updated: 2 months ago
Data Source: Martin County REALTORS® of the Treasure Coast (MCRTC), MLS# M20056652
The data relating to real estate for sale on this web site comes in part from a cooperative data exchange program of the Realtor® Association of Martin County, Inc. MLS. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed.
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