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1527-1529 Avenue D

4,788 SF 100% Leased Retail Building Fort Pierce, FL 34950 £683,359 (£143/SF) 8.09% Net Initial Yield

Investment Highlights

  • Fully rented mixed use building.
  • Located close to owntown
  • CBS Construction

Executive Summary

Rare mixed use building with 5 tenants in the opportunity zone of Fort Pierce FL. The property is 100% CBS construction, and fully occupied with commercial and residential tenants generating cash flow. The downstairs Features 3 commercial spaces including a restaurant with a stainless hood and fire suppression system. The second floor houses two 3 bedroom apartments, complimented with washer/dryers, stainless appliances and granite countertops. This building is close to the beaches, US 1 and downtown Ft Pierce. Mixed use buildings are hard to find and this one comes with tenants, parking, and a solid cap rate! Buy today and start collecting rent. Seller financing available.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,788 SF
Building Class
C
Year Built
1954
Price
£683,359
Price Per SF
£143
Net Initial Yield
8.09%
NOI
£55,301
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.31
Land Acres
0.35 AC
Opportunity Zone
Yes
Zoning
NEIGHBORHO - MIXED USE BUILDING
Parking
11 Spaces (2.3 Spaces per 1,000 SF Leased)
Frontage
1,016 ft on Avenue D

Amenities

  • 24 Hour Access

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Calypso Restaurant
  • Accommodation and Food Services
  • 1,000 SF
  • -
  • -
  • -
  • 970 SF
  • -
  • -

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  • Makin Moves
  • Administrative and Support Services
  • 500 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Calypso Restaurant Accommodation and Food Services 1,000 SF - -
- 970 SF - -
Makin Moves Administrative and Support Services 500 SF - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-09-506-0001-0001
Land Assessment
£12,008
Improvements Assessment
£283,772
Total Assessment
£295,780
  • Listing ID: 33077928

  • Date on Market: 05/09/2024

  • Last Updated:

  • Address: 1527-1529 Avenue D, Fort Pierce, FL 34950

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