2402 S US Highway 1 - Freestanding FOR SALE


Fort Pierce, FL 34982- Fort Pierce South
$1,699,000 USD
305-496-0901
2402 S US Highway 1, Fort Pierce, FL for Sale
$1,699,000 USD
Freestanding - FOR SALE
1/12
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2402 S US Highway 1
Fort Pierce, FL 34982
Fort Pierce South


HIGHLIGHTS

  • Net Lease Investment with national retail brand and multiple years remaining on Lease
  • Annual Rent Increases
  • Prime corner location along US Hwy 1 in Fort Pierce
  • Over 35,000 vehicles per day
  • Surrounded by other national retail brands including Dunkin’, Jersey Mike’s, Publix, WaWa, CVS & Chase
  • Ample opportunity for future development or repositioning

OVERVIEW

Net lease retail investment opportunity along S. US Hwy 1 in the heart of Fort Pierce. In-place cash flow generated by a multi-year lease with national retail brand Tuff Shed. Prime corner location – 125’ of frontage along S. US Hwy 1 - optimal exposure with more than 35,000 vehicles per day. Surrounded by other national retailers including Dunkin’, Starbucks, Dutch Brothers Coffee, WaWa, Publix, Jersey Mike’s, CVS, and Chase Bank. Zoning is C3 General Commercial providing ample opportunity for future development or repositioning. This property may also be purchased as part of a multi-parcel commercial portfolio which includes 303 Indian Hills Drive (3-unit residential triplex building), and 330 Indian Hills Drive (Fleet parking / storage facility). Please see the Offering Memorandum attached for details regarding the portfolio.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$521 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Net Lease Retail along US HWY 1 in Ft. Pierce

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1944

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,200 SF

ZONING

C3 - General Commercial

APN/PARCEL ID

24-22-601-0004-0005

ASK ABOUT THIS PROPERTY

Frank KisselEWM CommercialMore Info
305-496-0901

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Frank KisselEWM CommercialMore Info
305-496-0901

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