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,… Read More 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. Read Less
Courtesy of Total R E Consultants Inc 954-341-3294
Listing Snapshot
Days Online
1
Last Updated
Property Type
Mixed Use
Square Ft.
5,644
Lot Size
0.23 Acres
Year Built
1953
MLS Number
B26045049
Additional Details
Building
Built in 1953, Construction materials: "Brick", "CBS", "Stucco", Toal building area: 5644, 12 total units
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed.
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