Commercial property in St. Lucie, Florida 510.96 sq.m. № 2239187

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Commercial property in St. Lucie, Florida 510.96 sq.m. № 2239187
ID2239187 $ 1 695 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
2239187

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. 7.1 cap rate at the $1,695,000 asking price. Please do not disturb tenants.
MLS #: O6425092
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CitySt. Lucie
Address117 N 5TH STREET
TypeCommercial property
Living space510.96 m²
  • sq. ft
Completion dateIV quarter, 1953
Price
  • Price
  • per m²
$ 1 695 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
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