117 N 5th Street, Fort Pierce FL 34950
Fort Pierce, FL 34950
$1,645,990
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- Price
- $1,645,990
- Building size
- 5,644
- Property type
- Mixed Use
- Year built
- 1953
- Lot size (sq ft)
- 10,019
- MLS number
- B26045049
This listing is courtesy of Total R E Consultants Inc, 954-341-3294.
About this property
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.
Details
- Property type
- Mixed Use
- Year built
- 1953
- Lot size (sq ft)
- 10,019
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC