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Description
*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.
Property Highlights
Property Type: Commercial -
Cooling: Wall/Window Unit(s)
Lot Size: 0.12 Acres
Stories: 2.0
Taxes: $11,392
Year Built: 1953
General Information
County: Saint Lucie
Listed By:
Joe Pelayo
TOTAL R E CONSULTANTS INC
954-341-3294
MLS ID: O6425092
Property Features
Days on Site: 7
Directions: South I-95 to Orange Ave East, to US-1, turn North on N 5th Street. Property is located on the east side of N 5th Street in Downtown Fort Pierce
Exterior: Brick, Concrete, Stucco
Flood Zone Code: X
Foundation: Brick/Mortar, Other
Home Warranty Y/N: No
Lot Dimensions: 0.12
Ownership: Fee Simple
Property Attached Y/N: No
Property Sub-Type: Mixed Use
Showing Instructions: Appointment Only, Do Not Contact Tenants, See Remarks
Special Sale Provisions: None
Units: 12
Water Access Y/N: No
Zoning: GENERAL CO
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117 N 5th Street , Fort Pierce, FL 34950.
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