The Beach House Commercial Offering Memorandum

THE BEACH HOUSE OFFERED AT $3,500,000 4030 NE Indian River Dr Jensen Beach, FL 34957 1.45 acres | Limited Commercial

Exclusively Presented By

772.877.1875 JoeTumoloRealtor@gmail.com FloridaRealtorJoeTumolo.com

JOE TUMOLO BROKER A SSOC IATE

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.

TA BLE o f C ONT ENT S 4. PROPERTY SUMMARY

8. SITE PHOTOS

5. PROPERTY DETAILS

9. AREA DEMOGRAPHICS

6. INTERIOR PHOTOS

10. ZONING INFORMATION

7. TRADE AREA MAP

11. FLOOR SKETCH 12. LOT LINES

PROPERT Y SUMMA RY A rare opportunity to own a prime piece of Jensen Beach real estate located on the St. Lucie River in the heart of Jensen Beach. 4030 NE Indian River Drive is 1.45 acres with 200 ft of river frontage. Conveniently located near downtown and less than five minutes to beautiful Hutchinson Island beaches. This property is Limited Commercial and does not require rezoning. Current zoning allows for many uses including Airbnb, apartments, motel/hotel, resort/spa, residential care facility, bed and breakfast inn, RV Park, restaurant, storage facility, and more. The concrete block main building consists of 2,748 SF/ 6 bedrooms/ 6 bathrooms/ kitchen/dining room/living room and office. An additional concrete block structure located in the back of the property has 2 bedrooms/ 1 bathroom and a living room. Some of the amenities include a Pool w/ Jacuzzi, Large Tiki Hut, 240 ft Private Dock, Volleyball Court, Laundry Room, Adequate Parking, and a Complete Security Camera System. The city previously approved an additional structure (17 units) to be built on the property. Only a short drive to the Treasure Coast Mall, Savannas Preserve, Golf Courses, Boat Ramps, Movie Theater, and the Palm Beach International Airport. Dont miss this rare investment opportunity.

PROPERTY DETAILS Price - $3,500,000 Square Footage - 3488 SF Bedrooms - 8 Bathrooms - 7 Year Built - 1968 River Frontage - +/- 200 Ft St Lucie River Acreage- 1.45 AC Construction type - Concrete Block w/stucco Building Type - Rooming House Zoning - LC Land Use - Residence for Drug & Alcohol Rehab Parcel ID - 15-37-41-004-006-00010-5 Access - Indian River Drive Parking - Private Parking Amenities- Pool w/ Jacuzzi, Large Tiki Hut, 240 ft Private Dock, Volleyball Court, Laundry Room, and Security System.

AREA DEMOGRAPHICSAREA

DEMOGRAPHICS

RADIUS

1 MILE

3 MILE

5 MILE

2020 Estimated Population

4,391

29,970

74,533

2025 Projected Population

4,549

32,342

80,235

2010 Census Population

4,196

23,509

62,368

2020 Estimated Households

2,127

14,460

35,074

2025 Projected Households

2,188

15,576

37,668

2010 Census Households

2,107

11,463

29,376

2020 Estimated White

4,150

27,957

66,400

2020 Estimated Black or African American

128

1,114

5,516

2020 Estimated Asian or Pacific Islander

32

342

1,086

2020 Estimated American Indian or Native Alaskan

3

24

61

2020 Estimated Other Races

62

439

1,228

2020 Estimated Average Household Income

$62,050

$82,863

$82,319

2020 Estimated Median Household Income

$45,825

$56,945

$57,439

Median Age

53.30

58.40

56.40

Average Age

48.60

52.60

50.80

12

LIMITED COMMERCIAL DOES NOT REQUIRE REZONING

ZONING INFORMATION

LAND USE TYPE

NUMBER OF PARKING SPACES REQUIRED

DWELLING MULTIFAMILY

1.5 spaces/efficiency unit, 1.75 spaces/1 bedroom unit, 2 spaces/2 or more bedroom unit

APARTMENT HOTELS

1 space/unit plus

PLANT NURSERIES AND LANDSCAPE SERVICES

1 space/150 sf gross floor area, accessory structures excluded

ADMINISTRATIVE SERVICES, NOT FOR PROFIT

1 space/150 sf gross floor area

PLACES OF WORSHIP

1 space/3 seats in main sanctuary

POST OFFICES

1 space/100 sf gross building area

PROTECTIVE AND EMERGENCY SERVICES

1 space/500 sf of gross floor area

PUBLIC LIBRARIES

1 space/300 sf gross building area

PUBLIC PARKS AND RECREATION AREAS, ACTIVE

1 space/2 acres up to 10 acres, plus 1 space/5 acres in excess of 10 acres, plus 75% of the required parking for each court, rink, or field

PUBLIC PARKS AND RECREATION AREAS, PASSIVE

3 spaces/first 10 acres plus 1 for each additional 10 acres

RESIDENTIAL CARE FACILITIES

0.5 space/bed

BED AND BREAKFAST INNS

1 space/guest room plus 2 spaces for primary residential unit

BUSINESS AND PROFESSIONAL OFFICES

1 space/300 sf gross floor area

COMMERCIAL DAY CARE

1 space/employee (largest shift) plus 1 space/10 people plus adequate drop off/pickup areas

CONSTRUCTION INDUSTRY TRADES

1 space/300 sf gross floor area plus 1 space/company vehicle

FINANCIAL INSTITUTIONS

1 space/200 sf gross building area

FUNERAL HOMES

1 space/3 seats within chapel plus 1 space/300 sf gross floor area for all

HOTELS, MOTELS, RESORTS AND SPAS

1 space/unit plus 1 space/3 seats for accessory restaurant or lounge plus 1 space/3 employees

LIMITED RETAIL SALES AND SERVICES

4 spaces/1,000 sf of gross leasable area, where combined cinema, restaurant. 4 spaces/1,000 sf of gross leasable area, where combined cinema, restaurant and entertainment uses are 10% or less. For each additional percent between 10% and 20%, add 0.03 spaces/1,000 sf above 20%, use “shared parking”.

MEDICAL SERVICES

1 space/175 sf gross floor area

RESIDENTIAL STORAGE FACILITIES

1 space/1,500 sf gross floor area

RESTAURANTS, CONVENIENCE, WITHOUT DRIVE THROUGH FACILITIES

1 space/70 sf for public use plus 1 space/200 sf for nonpublic use

RESTAURANTS, GENERAL

1.5 spaces/100 sf gross floor area

ADDITIONAL PERMITTED USES Zoning Information: Limited Commercial Apartment Hotels Plant nurseries and landscape services Administrative services, not for profit Community centers Cultural or civic uses Educational institutions Places of worship Post offices Protective and emergency services Public libraries Public parks and recreation areas, active Public parks and recreation areas, passive Recycling drop-off centers Residential care facilities Utilities Bed and breakfast inns Business and professional offices Commercial amusements, indoor Commercial day care Construction industry trades Construction sales and services Financial institutions Funeral homes Hotels, motels, resorts and spas Limited retail sales and services Medical services Pain management clinics Parking lots and garages Recreational vehicle parking Residential storage facilities Restaurants, convenience, without drive through facilities Restaurants, general Biomedical research Bioscience research Computer and electronic components research and assembly Computer and electronic products research and assembly Computer programming/software research Computer system design Electromedical apparatus research and assembly Electronic equipment research and assembly

ZONING INFORMATION Laser research and assembly Lens research Management, scientific and technical services Marine Research Medical and dental labs Medical equipment assembly Optical equipment assembly Optical instruments assembly Optoelectronics assembly Pharmaceutical products research Precision instruments assembly Professional, scientific, and technical services Reproducing magnetic and optical media Research and development laboratories and facilities including Alternative energy Scientific and technical consulting services Simulation training Technology centers Telecommunications research Testing laboratories Business-to-business sales and marketing Credit bureaus Credit intermediation and related activities Customer care centers Customer support Data processing services Film, video, audio, and electronic media production and postproduction Funds, trusts, and other financial vehicles Information services and data processing Insurance carries Internet service providers, web search portals Management services National, International and regional headquarters Non-depository credit institutions Offices of bank holding companies On-line information services Performing arts centers Securities, commodity contracts Simulation training Technical support Telephonic and online business services Transaction processing

FLOOR SKETCH