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3901 Orange Ave
Listing Details
- $2,500,000
- MLS# A12049784
- Type Commercial - Retail
- Status Active
Description
Mixed-use investment on 1.45 AC CG-zoned parcel at I-95 Exit 131 in Fort Pierce. 9,060 SF total: 24-hour multi-bay car wash (vacant, equipment in place) plus 5-bay retail strip. Four bays leased (coin laundry thru 8/2027 w/4% annual increases, church in two bays thru 8/2028 w/5% increases, salon MTM) generating $105,264/yr current income. Vacant second-generation restaurant bay includes full commercial kitchen with hood, range, fryers and refrigeration. Approx. 17,500 vehicles/day on Orange Ave frontage plus 72,400 vehicles/day I-95 exposure (FDOT 2023). Projected pro forma NOI approx. $152,876/yr after 5% vacancy and 2% reserves at owner-provided... Read more
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All Property Features
- Property Type: Commercial - Retail
- Crops Included Y/N: No
- Days on Site: 23
- Home Warranty Y/N: No
- Lease Considered Y/N: No
- Lot Size: 1.57 Acres
- Parcel#: 2408-322-0001-000-4
- Property Attached Y/N: No
- Property Sub-Type: Retail
- Taxes: $30,296
- Year Built: 2008