The Sanford Group
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.
Property Features
Feature Descriptions
Listed By / Shown By
Listed By
Agency Name: TOTAL R E CONSULTANTS INC
Agency Contact: 954-341-3294
Shown By
Agent Name: The Sanford Group
Agent Phone: Cell: (904) 868-9651
Agency Title: Watson Realty Corp., REALTORS ®
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117 N 5th Street | MLS# O6425092
This commercial property located at 117 N 5th Street , Fort Pierce, FL 34950 is currently listed for sale with an asking price of $1,695,000. Search Fort Pierce real estate on www.signwithsanford.com today.