*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. 7.34 cap rate at current asking price. Please do not disturb tenants.
| MLS # | O6425092 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1953 |
| Days On Site | 84 |
| Listing Provided By | TOTAL R E CONSULTANTS INC | Joe Pelayo |
| SQ Feet | 5,500 |
|---|---|
| Story(s) | 2 |
| Units | 12 |
| Zoning | GENERAL CO |
| Acreage | 0.12 |
| Property | 11392 |
|---|
| State | FL |
|---|---|
| County | St Lucie |
| City | FORT PIERCE |
| Zip Code | 34950 |
| Area | 34950 Fort Pierce |
| Listing VS Median (in 34950) | |
Price: $1,645,990 low | high Med: $185,000 sqft: 5,500 low | high Med: 1,328 $ / sqft: $299 low | high Med: $139 On site: 84 low | high Med: 162 | |
| State | FL |
|---|---|
| County | St Lucie |
| City | FORT PIERCE |
| Zip Code | 34950 |
| Area | 34950 Fort Pierce |
| Listing VS Median (in 34950) | |
Price: $1,645,990 low | high Med: $185,000 sqft: 5,500 low | high Med: 1,328 $ / sqft: $299 low | high Med: $139 On site: 84 low | high Med: 162 | |