117 N 5TH ST, FORT PIERCE, FL, 34950
$1,695,000
Commercial Sale
Living Area
5,500 Sqft
Lot Size
10,019 Sqft
*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 Details
Property Features Property Features
MLS ID: MFRO6425092 Year Built: 1953
Construction Materials: Brick, Concrete, Stucco Cooling: Wall/Window Unit(s)
Country: US County Or Parish: St Lucie
Foundation Details: Brick/Mortar, Other Levels: Two
Listing Agreement: Exclusive Agency Property Sub Type: Mixed Use
Property Type: Commercial Sale Road Frontage Type: Access Road, Business District
Road Surface Type: Asphalt Showing Requirements: Appointment Only, Do Not Contact Tenants, See Remarks
Special Listing Conditions: None Standard Status: Active
State Or Province: FL
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