117 N 5TH ST, Fort Pierce, FL 34950
117 N 5TH ST, Fort Pierce, FL 34950
117 N 5TH ST, Fort Pierce, FL 34950
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$1,695,000
Est. payment /mo
5,500 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,500 sqft

Price per Sqft $308

MLS Listing ID O6425092

HOA Y/N No

Year Built 1953

Annual Tax Amount $11,392

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Mixed Use

Source Stellar MLS

Property Description

*Please do not disturb tenants.*

MIXED-USE INVESTMENT OPPORTUNITY |The Royal Poinciana Building located in downtown Fort Pierce is a mixed-use freestanding building featuring approx. 5,500+/- SQFT with 12 total units. Diversified income opportunity from both office and residential tenants.

Strong downtown location near waterfront, marina, dining, arts, and local amenities with plenty of on-site parking.

Layout: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments.

1st Floor: The 6 professional office suites included shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization.

2nd Floor: The 6 residential components include updated studio and one-bedroom interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents.

7.1 cap rate at the $1,695,000 asking price.

Please do not disturb tenants.

Location

State FL

County St Lucie

Area 34950 - Fort Pierce

Zoning GENERAL CO

Interior

Cooling Wall/Window Unit(s)

Exterior

View Y/N No

Water Access No

Building

Story 2

Entry Level Two

Foundation Brick/Mortar, Other

Lot Size Range 0 to less than 1/4

Structure Type Brick,Concrete,Stucco

New Construction false

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6425092


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Stellar MLS
Listed by Joe Pelayo TOTAL R E CONSULTANTS INC

Nearby School & Business

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Marc George

Marc George

+1(407) 702-4307

TEAM LEADER SLSL3188045

TEAM LEADER SLSL3188045

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