Income Producing Investment Opportunity
$1,645,990
117 N 5th St, Fort Pierce, FL 34950
7.34
Cap Rate
5,500 sqft
Building Size
Details:
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.
Documents:
| Title | ||
|---|---|---|
| For Sale - 117 N 5th St, Ft. Pierce, FL - TN - FINAL (edited) | ||
| For Sale - 117 N 5th St, Ft. Pierce, FL - WP - FINAL2 |
Location
Gallery
