SQUARE FEET5,644
MLS#B26045049
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Fully leased Downtown Fort Pierce mixed-use investment opportunity featuring approx. 5,500 SF with 12 total units: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments. 7.1% cap rate at the $1,695,000 asking price. Updated apartment interiors, office income, on-site parking, and strong downtown location near waterfront, marina, dining, arts, and local amenities. Please do not disturb tenants. Royal Poinciana Building offers diversified income from both residential and office tenants. The upstairs residential component includes updated studio and one-bedroom interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents. The first-floor office component includes 6 professional office suites with shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization.
Property Features
Property Type: Commercial - Business
Cooling: Ceiling Fan(s), Wall/Window Unit(s)
Heating: Electric, Window/Wall
Lot Size: 0.23 Acres
Roof Type: Built-Up, Flat
Stories: 2.0
Taxes: $865
Year Built: 1953
Feature Descriptions
Exterior: Brick, Stucco, CBS
Flooring: Vinyl
Parcel#: 241060700020002
Parking: Accessible Parking
Parking Notes: Accessible Parking
Security: Smoke Detector(s), Security Lights
Sewer: Public Sewer
Structure Type: Mixed Use
Units: 12
Utilities: Cable Available, Electricity Available, Water Available
Utilities: Cable Available, Electricity Available, Water Available
Water: Public
Listed By / Shown By
Listed By
Agency Name: Total R E Consultants Inc
Agency Phone: 954-341-3294
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
117 N 5th Street | MLS# B26045049
This commercial property located at 117 N 5th Street, Fort Pierce, FL 34982 is currently listed for sale with an asking price of $1,695,000. Search Fort Pierce real estate on www.realtymark.net today.