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Income Producing Investment Opportunity

117 N 5th St, Fort Pierce, Florida 34950
$1,645,990
Income Producing Investment Opportunity

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
5,500 sqft
Land Size
0.12 acres
Zoning
General Commercial

Property 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.

7.34% cap rate at current asking price.

Please do not disturb tenants.

Location