PROPERTY DESCRIPTION

Excellent play for a developer who wants to take advantage of Opportunity Zone tax advantages and build up to at least 16 residential units in an up and coming community where there is strong demand for both owner-occupied and rental housing. Located in affluent Martin County with easy access to beaches and along the Indian River lagoon as well as nearby new developments including the luxury Langford Landing community with homes from the $700’s, newly completed TideHouse waterfront restaurant and bar, and the Rio Town Center riverfront mixed-use development project which includes plans for over 200,000 SF of residential, commercial, mixed-use, and restaurant space. Rio is experiencing a modern renaissance and is slated to become one of the most desirable places to live along the Treasure Coast of Florida. Its diverse population, skilled workforce, coastal and riverfront location, energetic and civic-minded volunteers, indigenous architecture, and colorful history all blend to create an intimate, funky, and small-town village with a laidback and desirable quality of life.