Seacoast Bank is seeking a developer to acquire 815 S. Colorado Avenue, an 8.07-acre site that is currently home to the bank’s corporate headquarters. This unique opportunity affords developers the ability to execute a plan to redevelop the site and maximize the potential GLA.
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Atlantic Capital Partners has been exclusively engaged to market for sale Seacoast Landing (“The Site”), an 8.07-acre site containing three buildings, a commercial bank and office building, a bank drive-thru and a standalone office building, located in Stuart, Florida. The coastal town of Stuart benefits from strong demographics and unbeatable accessibility. The Site is ideally positioned, drawing from a local population of over 49,887 people within a 3-mile radius earning over $106,203 per year.
Totaling 351,899 square feet, The Site is presently home to Seacoast Bank’s corporate headquarters, including a commercial bank and office building, a drive-thru and a standalone office building. Seacoast Bank has been operating on site since 1961, however, as part of a corporate initiative to right-size existing locations, Seacoast Bank is seeking offers from investors to reimagine The Site which accommodates reduced Seacoast Bank operations via a sale lease back. The remaining undeveloped portions on site affords future ownership with a unique redevelopment opportunity in one of Florida’s most desirable submarkets.
The Site is being offered without a formal asking pricing, free-and-clear of existing debt.