117 N 5th Street, Fort Pierce, FL 34950
- $1,695,000
- List Price
- $1,695,000
- MLS#
- B26045049
- Status
- ACTIVE
- Type
- Commercial
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.
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Additional Information
- Days on Market
- 54
- Tax Amount
- $865
- Water Access
- Building Only, Business And Building
- Parcel Number
- 241060700020002
- Lot Size
- 10,019
- Directions
- From US-1, head east on Orange Avenue, turn north on N 5th Street. Property is located on the east side of N 5th Street in Downtown Fort Pierce.
- Address
- 117 N 5th Street, Fort Pierce
- Year Built
- 1953
- Special Information
- Substantially Remodeled, Updated/Remodeled, Completely Renovated
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Listing Courtesy of Total R E Consultants Inc, Contact: