Active
117 N 5TH ST
$1,695,000
Features:
Property Details
Remarks
*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.
Financial Considerations
Price:
$1,695,000
HOA Fee:
N/A
Tax Amount:
$11392
Price per SqFt:
$308.18
Tax Legal Description:
AMENDED PLAT OF BLK 2 OF RE-S/D OF RECEIVER`S S/D THAT PART OF LOTS 1 AND 2 AS DESC IN DBK 171-155 AND ALL LOT 3 AMENDED PLAT OF BLK 2 OF RE-S/D (1) (MAP 24/10D) (OR 1021-2637: 1037-48: 1223-49)
Exterior Features
Lot Size:
10019
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
N/A
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Wall/Window Unit(s)
Appliances:
N/A
Furnished:
No
Floor:
N/A
Levels:
Two
Additional Features
Property Sub Type:
Mixed Use
Style:
N/A
Year Built:
1953
Construction Type:
Brick, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
- Address117 N 5TH ST
Contact a Professional
Featured Properties
Related Properties
- Featured
- Active
Mixed Use
25525 COLMAR AVE
$ 299,900
- Featured
- Active
Mixed Use
4923 STATE ROAD 54
$ 235,000
- Featured
- Active
Mixed Use
57 CALLE SAN JOSE
$ 1,595,000
- Featured
- Active
Mixed Use
D4 SANTA CRUZ MARGINAL ST #D4
$ 495,000
- Featured
- Active
Mixed Use
24420 SANDHILL BLVD #105
$ 5,550,000
- Featured
- Active
Mixed Use
2660 S US HIGHWAY 17
$ 425,000
- Featured
- Active
Mixed Use
5910 N 40TH ST
$ 490,000
- Featured
- Active
Mixed Use
2250 N VOLUSIA AVE
$ 550,000
- Featured
- Active
Mixed Use
3900 CHALET SUZANNE DR
$ 1,450,000
- Featured
- Active
Mixed Use
1942 E HILLSBOROUGH AVE
$ 980,000
- Featured
- Active
Mixed Use
3362 N CARL G ROSE HWY
$ 475,000
- Featured
- Active
Mixed Use
2081 TAMIAMI TRL