Active
mixeduse
SALE
117 N 5th Street, Fort Pierce, Florida None
Fort Pierce, FL
$1,695,000
Property Details
MLS#
B26045049
Type
Mixeduse
Year Built
1953
Tax Amount
$865
Property 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 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.
Amenities
2 Stories
Built 1953
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Heating: Electric, Wall Furnace
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30 Year Fixed, 6.59% Interest
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Property Location
Listing Office:
Total R E Consultants Inc
Listing Agent:
Hannah Mc Clure
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