75 N Flagler Avenue, Stuart, FL, 34994 - LoopNet

9 Acres Waterfront Opportunity Zone

75 N Flagler Avenue, Stuart, FL, 34994

Presented By

Boyd C. Bradfield Jr., GRI, CCIM, SIOR

Founder +1 772 286 6292 boyd@

Offered At:

$17,000,000

9 Acres Waterfront Opportunity Zone

75 N Flagler Avenue, Stuart, FL, 34994

Property Details

? Location:75 N. Flagler Stuart, FL on the Saint Lucie River and easy walk to Historic Downtown Stuart

? Land:

9.147+/- Acres ? 7 acres upland and 2.147 acre submerged land basin

? Frontage:

900+/- feet on the Saint Lucie River and

? Improvements: 8 Buildings containing 46,656+/- Square Feet

? Zoning:

Industrial City of Stuart The City of Stuart is very flexible as to uses for this site. A change of use would be obtained by a Planned Unit Development Agreement.

? Price

$17,000,000.00 (may consider dividing)

? Opportunity Zone: The subject has an added bonus of being in the Rio, Florida Opportunity Zone giving it the associated tax advantages.

? Video Tour:



Property Overview

First time on the market since the mid-1960s. This is a very rare opportunity to purchase an iconic, historic property in beautiful Stuart, FL. Ralph Evinrude purchased it for the Ralph Evinrude Outboard Test Center. The facility first opened near the Roosevelt Bridge in the mid-1960s to field test in saltwater Evinrude, Johnson and OMC motors. Even though the facility's operations have been reduced since Evinrude was bought by Bombardier Recreational Products of Quebec in 2001, testing still takes place there daily.

However, they do not need a facility this large so time to sell and move to a smaller updated facility nearby making for a very rare opportunity to purchase such a rare property.

This waterfront site located on the Saint Lucie River has easy access to the Okeechobee waterway, the Intracoastal Waterway and the Atlantic Ocean. Flagler Avenue is parallel to and has easy access to Dixie Hwy. This is a Convenient south Florida location approximately one-half mile north of downtown Stuart, Martin County, Florida. Near Witham Field, although there is no scheduled commercial airline service at the airport, the facility does maintain an operational air traffic control tower and is home to two fixed base operators (FBO) and more than 200 private and business aircraft and one-half hour (by car) north of the West Palm Beach Airport.

This all adds up to a site that works for many uses.

Possible Uses:

Residential: This could be a high-end waterfront multi-family community. .

Mixed Use: This could be any number of uses that could include a hotel, restaurant, office, marine retail uses and residential.

Resort Marina: Slips may be able to be added and build hotel, restaurant, recreational marina, etc.

Working Marina: This is a prime site for a full-scale working marina and service facility. These sites are becoming very rare and there is a large demand.

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292

9 Acres Waterfront Opportunity Zone

75 N Flagler Avenue, Stuart, FL, 34994

SITE

Submerged Land Lease

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292

9 Acres Waterfront OpEapstoorf tLuakne OitkyeecZhoobneee

75 N Flagler Avenue, StuaNrte,sFtlLe,d3a4lo9n9g4the Treasure Coast

Opportunity Zone

Rio, Florida Opportunity Zone Prospectus



Martin County, Florida

? Southeast Florida ? East of Lake Okeechobee ? Nestled along the Treasure Coast

page 3

Rio, Florida

? Southeast Florida ? North of West Palm Beach ? Census Tract: 5.01

? City of Stuart ? Rio (Martin County ? Jensen Beach (Martin County ? Town of Ocean Breeze

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292

9 Acres Waterfront Opportunity Zone

75 N Flagler Avenue, Stuart, FL, 34994

Opportunity Zone

Opportunity Zone General Information

Q: What are Opportunity OpportunityZone Funds?

A: The Act defines a Fund as any investment vehicle that is organized for the purposes of investing in "qualified opportunity zone property" and that holds at least 90% of its assets in "qualified opportunity zone property." A Fund that fails to meet the 90%-threshold must pay a monthly penalty for each month in which it fails to meet the threshold. Guidance issued by the IRS in March 2019 has clarified that that a Fund has at least six months from the time the Fund raises a round of capital to when they need to place that capital for the purposes of the 90 % test.

Q: How does a corporation or partnership become certified as a Qualified Opportunity Fund?

A. To become a Qualified Opportunity Fund, an eligible corporation or partnership can self-certify by filing Form 8996, Qualified Opportunity Fund, with its federal income tax return. Early Early-release drafts of the form and instructionsinstructionsare on the IRS website. The return with Form 8996 must be filed timely, taking extensions into account. There are also businesses such as JP Morgan and Goldman Sachs that have equity fund managers that can assist investors in opening and managing an Opportunity Fund.

Q: When do investors have to pay their capital gains tax?

A: Everyone must pay their capital gains taxes by December 31, 2026 whether they take advantage of the 5 or 7

year incentive.

Q: How long can an investor hold on to their investment to take advantage of the 10 year incentive?

A: Investors can hold onto their investment until

2041 to take advantage of the incentive where any gains resulting from a QOZ investment held at least 10 years are excluded from capital gains taxation. On the IRS website's Opportunity Zones Frequently Asked Questions page it states to be able to elect to defer gain a taxpayer must invest in a Qualified Opportunity Fund during the 180 day period beginning on the date of the sale.

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292

9 Acres Waterfront Opportunity Zone

75 N Flagler Avenue, Stuart, FL, 34994

Land Survey

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292

9 Acres Waterfront Opportunity Zone

75 N Flagler Avenue, Stuart, FL, 34994

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292

9 Acres Waterfront Opportunity Zone

75 N Flagler Avenue, Stuart, FL, 34994

2055 S Kanner Hwy. Stuart, Florida 34994 +1 772 286 6292

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