$1,695,000 - 117 N 5th Street, FORT PIERCE
- -
- Bedrooms
- -
- Baths
- 5,500
- SQ. Feet
- 0.12
- Acres
*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.
Essential Information
-
- MLS® #:
- O6425092
-
- Price:
- $1,695,000
-
- Square Footage:
- 5,500
-
- Acres:
- 0.12
-
- Year Built:
- 1953
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Mixed Use
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- Status:
- Active
Community Information
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- Address:
- 117 N 5th Street
-
- Area:
- Fort Pierce
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- City:
- FORT PIERCE
-
- County:
- St Lucie
-
- State:
- FL
-
- Zip Code:
- 34950
Interior
-
- Cooling:
- Wall/Window Unit(s)
-
- # of Stories:
- 2
Exterior
-
- Foundation:
- Brick/Mortar, Other
Additional Information
-
- Days on Market:
- 24
-
- Zoning:
- GENERAL CO
Listing Details
- Listing Office:
- Total R E Consultants Inc