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117 N 5th Street

Fort Pierce, FL

Listing Details

  • $1,695,000
  • MLS# B26045049
  • Type Commercial - Business
  • Status Active
  • 5,644
    Square Feet
  • 0.230 acres
    Lot Size
  • 1953
    Year Built

Description

Fully leased Downtown Fort Pierce mixed-use investment opportunity featuring approx. 5,500 SF with 12 total units: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments. 7.1% cap rate at the $1,695,000 asking price. Updated apartment interiors, office income, on-site parking, and strong downtown location near waterfront, marina, dining, arts, and local amenities. Please do not disturb tenants. Royal Poinciana Building offers diversified income from both residential and office tenants. The upstairs residential component includes updated studio and one-bedroom... Read more interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents. The first-floor office component includes 6 professional office suites with shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization.

Key Features

No amenity information available.

View All Features
117 N 5th Street
Fort Pierce, FL 34982
County
Saint Lucie

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Business
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Days on Site: 34
  • Exterior: Brick, Stucco, CBS
  • Flooring: Terrazzo, Vinyl
  • Heating: Electric, Window/Wall
  • Lot Size: 0.23 Acres
  • Parcel#: 241060700020002
  • Parking: Accessible Parking
  • Parking Notes: Accessible Parking
  • Roof Type: Built-Up, Flat
  • Security: Smoke Detector(s), Security Lights
  • Sewer: Public Sewer
  • Stories: 2.0
  • Structure Type: Mixed Use
  • Taxes: $865
  • Units: 12
  • Utilities: Cable Available, Electricity Available, Water Available
  • Utilities: Cable Available, Electricity Available, Water Available
  • Water: Public
  • Year Built: 1953