117 N 5TH STREET, Fort Pierce, Florida, 34950

Listed by TOTAL R E CONSULTANTS INC, Joe Pelayo, 954-551-9427, trec@joepelayo.com
$1,645,990
5,500 Sqft
0.12 Acres
0 ba
#O6425092
*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. 7.34 cap rate at current asking price. Please do not disturb tenants.

PROPERTY FEATURES

  • Water Access : 0
  • Road Surface Type : Asphalt
  • Cooling : Wall/Window Unit(s)
PROPERTY DETAILS
ID: O6425092
Status: Active
Price: $1,645,990
Acres: 0.12 Acres
Price Per Acre: $13,716,583
Type: Other
Address: 117 N 5TH STREET
City, State: Fort Pierce, Florida
Zip Code: 34950
Lat/Long: 27.447487, -80.327274
Presented By: Joe Pelayo
Phone: 954-551-9427
Email: Click to Contact
Agent
Joe Pelayo