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Updated about 4 years ago on . Most recent reply

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10
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1
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Joseph Decker
  • New to Real Estate
  • Stuart, FL
1
Votes |
10
Posts

How does commercial land development affect prop value? Stuart FL

Joseph Decker
  • New to Real Estate
  • Stuart, FL
Posted

Hi BP! I have a property located in rural Stuart, FL (west of I-95).  This area is very rural with it being mostly farmland.  There are a few schools nearby but that's about all there is.  Over the past year they have completed a road widening project from 2 lanes to 4 lanes and now I see that a plot of land has sold next to the nearest gas station which is about a half mile away.  Can anyone give me insight on the following:

1.) Is there a way I can find who bought the plot of land and if it is for commercial use?  If it is for commercial use can I find out what it may become (Publix, shopping center, etc)?

2.) If it is something like a Publix or shopping center should I expect the value of my property to increase when they start to develop that land?

3.) There has been talk about adding a Publix next to the gas station as well as a downtown/residential area nearby as well.  Is there any way I can check to see if these projects are moving forward or not?

Thanks Everyone!

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