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33926520
33926521

117 N 5th Street, Fort Pierce, FL 34950

HM
FL 3613790
Total Real Estate Consultants, Inc.
Total R E Consultants Inc
Listed by Total Real Estate Consultants, Inc., Total R E Consultants Inc
$1,695,000
3 days on market
Updated 0 days ago

117 N 5th Street

Details
APN 241060700020002
Property Type Mixed Use
Sub Type Mixed Use
Square Footage 5,644
Units 12
Cap Rate 7.11%
Occupancy 100%
Pro-Forma Cap Rate 8.00%
Class A
Year Built 1953
Buildings 1
Stories 2
Acreage 0.230
Zoning C3
Parking Spaces 14 spaces
Parking Per SqFt 2.48
Ground Lease No

100% Leased Mixed Use 7% Cap Rate| 5,644 SqFt

Marketing description

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, 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.

Investment highlights

Fully leased mixed-use property

6 office suites + 6 apartment units

Updated residential interiors

Renovated kitchens and bathrooms

On-site parking

Downtown Fort Pierce location

Near waterfront, marina, restaurants, and local amenities

Future upside through below-market rent positioning and continued rent optimization

Please do not disturb tenants. Showings by appointment only. Full investment package available upon request.

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Listing Contacts

HM
FL 3613790
Total Real Estate Consultants, Inc.
Total R E Consultants Inc
Listed by Total Real Estate Consultants, Inc., Total R E Consultants Inc

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Zoning

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C-3 CommercialGeneral CommercialGeneral Commercial
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Last updated May 12, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Hannah McClure
License
3613790
Brokerage Phone
7722379002
Name
Joe Pelayo, CCIM, SIOR, CIPS
License
3005451
Brokerage
Total Real Estate Consultants Inc.
Title
Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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