FOR SALE Rio Town Center ±28.8 Acres Mixed Use Land with Two Marinas NE Dixie Hwy Jensen Beach, FL 34957 2055 Kanner Hwy +1 772 286 6292 www.naisouthcoast.com NO WARRANTY OR REPRESENTATION, EXPRESS OR IMPLIED, IS MADE AS TO THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND THE SAME IS SUBMITTED SUBJECT TO ERRORS, OMISSIONS, CHANGE OF PRICE, RENTAL OR OTHER CONDITIONS, PRIOR SALE, LEASE OR FINANCING, OR WITHDRAWAL WITHOUT NOTICE, AND OF ANY SPECIAL LISTING CONDITIONS IMPOSED BY OUR PRINCIPALS NO WARRANTIES OR REPRESENTATIONS ARE MADE AS TO THE CONDITION OF THE PROPERTY OR ANY HAZARDS CONTAINED THEREIN ARE ANY TO BE IMPLIED. LISTING AGENT Boyd G. Bradfield, JR., CCIM, SIOR +1 772 286 6292 boyd@naisouthcoast.com naisouthcoast.com
Rio Town Center Parcels Western Marina Parcel B Eastern Marina
Rio Town Center Section 1 PROPERTY INFORMATION PROPERTY INFORMATION Executive Summary PROPERTY Property INFORMATION Details Additional Photos Parcel Profiles Profiles Parcel Profiles Profiles Parcel Profiles Profiles Additional Photos Additional Photos Additional Photos
Rio Town Center Property History The subject was foreclosed by istar, http://istar.com/, in August 2010 and we are working with them to get it Sold. The property was being assembled by a development/investment group in 2005 to 2007 to build a mixed-use project consisting of Marina, In-Out Storage, Residential, Office and Commercial. They purchased what is now available in basically two sections separated by several properties between, see attached. Their intention was to purchase the properties between but most of the Owners had heard about what was going on and got greedy. This halted the assemblage and the market had started to soften and then crashed. The good news is that they were able to get two marinas with boat basins which cannot be duplicated. Boat Basins where outlawed years ago and are very valuable since they are protected and the bottom is owned so no submerged land lease payments. istar felt that they property would be worth more if they were able to get entitlements so a Buyer/Developer would know what they could build. They decided that the Eastern Property would be the best to get approvals for since the Western Property could be used as a Marina and the land to the north of the road could be a standalone development. They have spent around three years working with Martin County, the Rio CRA along with the residents to get the project approved. They are now very close to finalizing those approvals. They include 146 residential units and 70,050 sq. ft. of Commercial Mixed-Use Space along with expanding the Existing 66 slip Marina by 71 slips to 137 slips. The Marina expansion has received an Army Corp of Engineers Permit! The following is just the Stuart Harbor Rio Town Center Eastern Property
Ideas of what the Ultimate Development Might Become: 1. Develop the Eastern Marina and land as approved 2. Revise the plans to include more residential units and less Commercial 3. Build Marina with Restaurant and Hotel, maybe a resort concept and connect to Downtown Stuart via Water Taxi. (As pictured above). 4. Re-do the Western Marina and possibly purchase the two or three properties on the River to enable expanding the Marina into the River. 5. Fishing Resort with condos that could be in a rental pool, etc. Making this an inshore and offshore fishing destination. The could be a restaurant serving local fish and beef. Anglers could bring in their catch to have the Chef prepare, etc. They could have their own boats or chose one from a rental fleet. This could be a world class destination and once again a water taxi to Down Stuart could be used. The Taxi could bring Stuart Residents to the resort and the resort guest to Stuart.
Rio Town Center Property Details Property Details Sale Price $12,500,000 Lot Size ±28.8 Acres Parcel #'s 28-37-41-000-013-00290-9 33-37-41-000-000-00011-4 33-37-41-000-014-00320-1 33-37-41-000-014-00310-3 28-37-41-000-014-00300-5 27-37-41-025-001-00000-8 Zoning R-2,B-1,R-3A,LC - Mixed Use/Commercial/Special Purpose Property Overview The subject property includes 4 parcels which include a +/-11.43 acres land parcel (parcel B) and two Marina s (parcels A, C & D). The building on the Western Marina consist of a 6,841 square foot building including a steel warehouse and office as well as 1.7 Acres Land and a Marina. The property is located in Rio community redevelopment area giving the site flexibility for future re-development. Area recently improved with road work and planned developments with county support. There is also 37 platted lots on 2 acres to be built on soon just to the east of the 11 acre parcel. Rio has the potential to become one of the most desirable places to live in Martin County. Its diverse population, coastal location and character, energetic and civic minded volunteers, indigenous architecture and colorful history all blend to create an intimate village with an enviable quality of life. Rio s challenge is to preserve and protect its character by minimizing negative impacts to the community, while strengthening its character through both public and private redevelopment initiatives. This is a convenient location near shopping, Downtown Stuart and Jensen Beach, parks, the Saint Lucie River, The Indian River and the Atlantic Ocean and Beaches. Great Access to the Saint Lucie Inlet and the Atlantic Ocean with no low bridges to get in your way. RIO CRA INFO https://www.martin.fl.us/sites/default/files/meta_page_files/cdd-cra-rio-cra-plan-05-2015.pdf https://www.martin.fl.us/sites/default/files/meta_page_files/cdd-cra-rio-design-regulations-05-2015.pdf
Rio Town Center Western Marina Parcel Highlights Commercial Waterfront Protected boat basin Community Water and Sewer Existing working marina Great location easy access to the St. Lucie River, Indian River Lagoon and Atlantic Ocean 6.8± Acres land (296,208 SF) less 1.42± acres submerged land 5.38± Acres land (234,353 SF) Property Overview 11.43± acres vacant land on the north side of Dixie Hwy. CRA, COR and General Commercial 1.7± acres vacant land on the south side of Dixie Hwy. Waterfront Commercial just west of Marina separated be a road ROW 6.8± Working Marina with a protected enclosed boat basin with 35± slips and a 6,841 sq. ft. building including a steel warehouse and office space.waterfront Commercial. This is a convenient location near shopping, Downtown Stuart and Jensen Beach, parks, the Saint Lucie River, The Indian River and the Atlantic Ocean and Beaches. Great Access to the Saint Lucie Inlet and the Atlantic Ocean with no low bridges to get in your way.
Rio Town Center Northern Parcel Northern Parcel Parcel Highlights GC - General Commercial & COR 1/CRA Community Water and Sewer Rare large vacant land parcel in Rio Parcel to the East is platted for 37 lots to be built on soon on 2 Acres within the Rio "Town Center" CRA
Rio Town Center Eastern Marina Eastern Marina Parcel Highlights Commercial Waterfront Protected boat basin with a existing 66 slip Marina and plans to expand by 71 slips to 137 slips. Community Water and Sewer Great location easy access to the St. Lucie River, Indian River Lagoon and Atlantic Ocean Approved Mater Site Plan, See Attached RENDERINGS BY:
Rio Town Center Renderings Phase 1 RENDERINGS BY:
Rio Town Center Renderings RENDERINGS BY:
Rio Town Center Renderings RENDERINGS BY:
-,j J oauw._,4»n, I ;:,e.--- =.,;.,-... -.. z::.:.-! =-..==---.. -L l =-=-=:.:.:..::=..--: _ ---- "' j : _..!---,,.>t:" =-"'=::.-':..;- :::":""'-"'"=-:-- I 1 i :,:-. ""'"" rt' -U!(A,,...--_.;;.,._m, -:-.:'":. -:,::-_-.::.--... ---.X- - er"...a.- j I_ -, h I """" - - 1, -- - :.- -;:-.,. 1 s=.- -s:-., :.::- --- - - ---,E:- 1 f - ----- -----
fif.- "' MARTIN BOOLiVARO ( P) N,E. MAATINAVEHLIE 1-1- 1 i; _J i L - -, Ii J ::i:. L l 1' - - ' WJ: t5 ti: a:o w2;= t-z ::i c.. C-101
',, w :c I- 1- - ::i (/Jo a: w, (/) I- z (/) <( <(...J a.. ==-= CALl.. MOOllS _,.. U.rOREVOUOIG mn li()i trstkev.w..._ OIAL.11 c., - «. C-102
ff t;::::====::::::====:;j,,._/ rr l:i,o=== ==aiqqo===== QIJMPSTER ENC!_ SURE joouble) r""--- C: '..., o. II' I,' 6)' :i -.,! E- 1 ::2' 90 STALL STRIPING N.T.S... ;a - -it '= :.> TYPICAL STREET SECTION N.T.S wc/j f- = - <( CJ) f- a: w WO f- CJ)Z ' <( <( 60 STALL STRIPING N.T.S CONCREf IOEWALK a: f- c::w Z o>- w coz ::; a:::w a. <((.)'"-0 r2ffi.:rl. 3: > oil!: ::,... "' tnq a: -- C-103
Rio Town Center Section 2 LOCATION INFORMATION LOCATION INFORMATION Aerial Map LOCATION INFORMATION
Rio Town Center Maps
Rio Town Center DEMOGRAPHICS Section 3 DEMOGRAPHICS Demographics Map DEMOGRAPHICS Back Page
Rio Town Center Demographics Map Population 1 Mile 3 Miles 5 Miles TOTAL POPULATION 4,349 36,119 87,192 MEDIAN AGE 48.1 49.8 48.3 MEDIAN AGE (MALE) 44.4 45.7 45.7 MEDIAN AGE (FEMALE) 49.6 51.7 49.9 Households & Income 1 Mile 3 Miles 5 Miles TOTAL HOUSEHOLDS 1,945 16,252 37,776 # OF PERSONS PER HH 2.2 2.2 2.3 AVERAGE HH INCOME $61,021 $68,253 $73,493 AVERAGE HOUSE VALUE $200,060 $277,934 $287,643 Race 1 Mile 3 Miles 5 Miles % WHITE 89.2% 88.1% 87.3% % BLACK 8.1% 7.5% 6.8% % ASIAN 0.3% 1.1% 1.6% % HAWAIIAN 0.0% 0.0% 0.0% % INDIAN 0.4% 0.6% 0.6% % OTHER 0.7% 1.7% 2.6% Ethnicity 1 Mile 3 Miles 5 Miles % HISPANIC 4.9% 7.1% 10.2% * Demographic data derived from 2010 US Census
Rio Town Center DEMOGRAPHICS Section 4 DEMOGRAPHICS Demographics Map Rio CRA Plan INFO https://www.martin.fl.us/sites/default/files/meta_page_files/cdd-cra-rio-cra-plan-05-2015.pdf https://www.martin.fl.us/sites/default/files/meta_page_files/cdd-cra-rio-design-regulations-05-2015.pdf
WATER ESTATE DENSITY 2UPA LOW DENSITY MEDIUM DENSITY Rio Neighborhood Redevelopment Plan INDUSTRIAL MOBILE HOME COMMERCIAL LTD RECREATION COMMERCIAL WFT COMMERCIAL GEN COMMERCIAL OR Rio Zoning Districts Map Exhibit 3
Rio Neighborhood Redevelopment Plan Laniger Enterprises Utilities Service Area Water Distribution System Exhibit 4
11fJU1!5 - 'Ba a i: 1: 0 "o 0 "'if"cn "' l$1. 0o Cl ODD'.lOOO "'D i::loooad "1 rla'j : ''il IJ[IJQGC "' o a oa a 8"' (cmcr= Oj <> 0<0 1!! ooa c:i,1 l St. Lucie River N -t Extend/Create New Sidewalk Existing Sidewalk Existing Bikelane 0 Create New Crosswalks 0 Connection to New Bike/Hike Trail Waterside Path 0 Caution Light - Santa Lucia Trail I r"1af 0 400 1200 2400 CC Rio Neighborhood Redevelopment Plan Pedestrian and Bicycle Connections Exhibit 6
NAI Southcoast 2055 Kanner Hwy 772.286.6292 www.naisouthcoast.com