117 N 5th Street, Fort Pierce, FL
1953
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.
Status:
Active
Type:
Commercial
Units:
12
Zoning:
C3
Complex:
Royal Poinciana Building
Heating:
Electric, Window/Wall
Cooling:
Ceiling Fan(s), Wall/Window Unit(s)
Levels:
2
Parking:
Accessible Parking
Acreage:
0.23
Est. Taxes:
$866
Construction
Brick, Stucco, CBS
Utilities
Cable Available, Electricity Available, Water Available
Days on Market:
2
MLS #:
B26045049
Community Info
School Info
Walk Score
Yelp
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