$1,695,000
Active · 0 days on market · MLS# MFRO6425092
| Living area | 5,500 sq ft |
|---|---|
| Lot size | 0.12 acres |
| Year built | 1953 |
| Property type | Mixed Use |
| Waterfront | Yes |
| County | St Lucie |
*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.
Listing courtesy of Joe Pelayo, TOTAL R E CONSULTANTS INC. Presented by MC Homes Realty Inc · 727432218.