117 N 5th St - Office/Residential FOR SALE


Fort Pierce, FL 34950- Downtown Fort Pierce
$1,695,000 USD
954-224-8773
117 N 5th St, Fort Pierce, FL for Sale
$1,695,000 USD
Office/Residential - FOR SALE
1/17
null | 7.11% Cap Rate

117 N 5th St
Fort Pierce, FL 34950
Downtown Fort Pierce


HIGHLIGHTS

  • 7.1% cap rate at the $1,695,000 asking price
  • Mixed-use investment opportunity
  • 12 total units: 6 office, 6 residential
  • Near waterfront, marina, dining, arts
  • Plenty of on-site parking

OVERVIEW

*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.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$308 USD /SF

CAP RATE

7.11%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

A

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C3

APN/PARCEL ID

24-10-607-0002-0002,24-10-607-0003-0009

ASK ABOUT THIS PROPERTY

Joe PelayoTotal Real Estate Consultants IncMore Info
954-224-8773

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Joe PelayoTotal Real Estate Consultants IncMore Info
954-224-8773

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.