Property
| Ownership: | Fee Simple |
|---|---|
| Type: | mixed-use |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,695,000
Annual Taxes:$11,392
Listing Courtesy of TOTAL R E CONSULTANTS INC
Please do not disturb tenants.
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.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
