8000 Sq Ft Industrial Building with Rail Spur
718 Farmers Market Road, Fort Pierce, Florida 34982
| Building Size | 8,000 Square Feet |
| Land Size | 0.92 Acres |
| Zoning | Light Industrial |
| Electric | 3 Phase |
| Year Built | 1950 |
| Construction | Concrete and block |
| Roof | Metal |
| Sewer | Septic |
| Parking | 16 Places |
| Water | Well |
| New Roof | 2 Fenced Yards |
| 5 Electric Meters | Rail Siding |
| Value Added | Great Location |
8,000 sq ft Industrial Building on .92 +/- acres. 8 dock height bays. Showroom. 3 phase electric. Rail Road siding. 5 Electric meters for division into multi-tenant building. Built to support a 4,000 sq ft loft in addition to the first floor. 2 Fully fenced yards. Good road access. If rented at $4 per square foot with 1/4 down on a 5.2% 20 year mortgage the return will be 18.08% IRR at $449,000. ($359,000 acqusation and $100,000 renovation to multi tenant) Market rent for this type of property is normaly $7 sq. ft. Reduced to $359,000
Straight line cap 7.13% for cash sale and renovation and 27% cash on cash cap rate.
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Office Phone: (772) 468-6895
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.