5,500 SqFt
5,500 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,500 sqft
Price per Sqft $308
MLS Listing ID O6425092
HOA Y/N No
Year Built 1953
Annual Tax Amount $11,392
Lot Size 5,227 Sqft
Acres 0.12
Property Sub-Type Mixed Use
Source Stellar MLS
Property Description
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.
Location
State FL
County St Lucie
Area 34950 - Fort Pierce
Zoning GENERAL CO
Interior
Cooling Wall/Window Unit(s)
Exterior
View Y/N No
Water Access No
Building
Story 2
Entry Level Two
Foundation Brick/Mortar, Other
Lot Size Range 0 to less than 1/4
Structure Type Brick,Concrete,Stucco
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6425092
NEARBY SCHOOL & BUSINESS
We greatly appreciate the opportunity to help you and your family with your real estate goals. We know that you had many choices and we do not take your business for granted. We work to make sure our clients have the best experience possible working with a professional agent who is Reliable, Trustworthy and Knowledgeable.