Please do not disturb tenants.
| Website: | https://www.nestseekers.com/5635233 |
|---|---|
| Address: | FORT PIERCE, FL 34950 |
| Ownership: | Fee Simple |
|---|---|
| Type: | mixed-use |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,695,000
Annual Taxes:$11,392
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.
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of TOTAL R E CONSULTANTS INC | |
