
$1,645,990
Commercial for Sale, 117 N 5th Street, Fort Pierce, Florida 34950
- MLS#B26045049
Listed By Total R E Consultants Inc
The Commercial Property for Sale located at 117 N 5th Street, Fort Pierce, Florida 34950 is currently for sale.
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.
Location
117 N 5th Street, Fort Pierce, Florida 34950
Property features
Lot/Land
- Land/Lot size:
931 m² (10,019 ft²)
Construction
- Year built: 1953
- Roofing: Built-UpFlat Tile
- Roof type: Flat
- Condition: RemodeledRenovated
- Construction: Cbs ConstructionBrick
- Exterior: Stucco
Interior Features
- Floors: VinylTerrazzo
Security
- Features: Smoke Detector
Heating and Cooling
- Heating System: Electric
- Cooling System: Ceiling FanWall Or Window Units
Utilities
- Telecommunication: Cable Available
- Other utilities: SewerPublicPublic Sewer