Listed by Total Real Estate Consultants, Inc., Total R E Consultants Inc
$1,695,000
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.
Listing Contacts
Listed by Total Real Estate Consultants, Inc., Total R E Consultants Inc
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Zoning
C-3 CommercialGeneral CommercialGeneral Commercial
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