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1514 SE Port St Lucie Blvd

2,384 SF 100% Leased Office Building Port Saint Lucie, FL 34952 £559,200 (£234.56/SF) 6.84% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • 2,300 square foot free standing office on a 0.49-acre corner lot.
  • Forecast predict that the area within a 3-mile radius will experience 19.48% population growth between '24-'29:
  • High visibility: passed by 34,000 daily drivers: 62,008 residents live within a 3-square mile radius of the property.

EXECUTIVE SUMMARY

Discover this fantastic commercial property with 2,384 square feet of air-conditioned space, located on a nearly half-acre corner lot, offering incredible visibility for your business. Recently updated with a 2022 roof this property is move-in ready and perfectly suited for a variety of business needs. The first floor features versatile office space, including three separate offices and a kitchen area, ideal for a productive work environment. The second floor boasts a residential setup with three bedrooms and two bathrooms, providing additional flexibility for live-work arrangements or additional rental income. With 10 dedicated parking spots and an unbeatable location, this property is perfect for any business looking to establish a strong presence in a thriving area!

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
2,384 SF
Building Class
C
Year Built
1978
Price
£559,200
Price Per SF
£234.56
Net Initial Yield
6.84%
NOI
£38,252
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
1,192 SF
Building FAR
0.11
Lot Size
0.49 AC
Zoning
LIMITED MIXED USE - More on St. Lucie Property Appraiser Site
Parking
12 Spaces (5.03 Spaces per 1,000 SF Leased)

AMENITIES

  • Fireplace
  • Kitchen
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
34-22-525-0722-0004
Land Assessment
£128,037
Improvements Assessment
£121,096
Total Assessment
£249,133
  • Listing ID: 33024093

  • Date on Market: 31/08/2024

  • Last Updated:

  • Address: 1514 SE Port St Lucie Blvd, Port Saint Lucie, FL 34952

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