414 S US Highway 1
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414 S US Highway 1
1,920 SF Retail Building Fort Pierce, FL 34950 £1,421,228 (£740/SF) 7.34% Net Initial Yield
Investment Highlights
- Signalized Corner
- Fully Paved parking lot
Executive Summary
This location is the gateway to downtown Fort Pierce. Currently operating as a used car lot and open to the public repair/paint shop. This property is currently leased for the next 5 years. Lease started on January 1st, 2024. Lease is $660,000.00 NET over the 1st 5 years with options. Currently used as a used car lot with auto repairs. Please do not enter (broker must accompany) the property or disturb the tenant/employees.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,920 SF
Building Class
B
Year Built/Renovated
2000/2018
Price
£1,421,228
Price Per SF
£740
Net Initial Yield
7.34%
NOI
£104,281
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Land Acres
1.14 AC
Zoning
General Commercial - General Commercial zoning.
Parking
150 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
178 ft on S US Highway 1
Amenities
- Fenced Lot
- Pylon Sign
- Signage
- Accent Lighting
- Storage Space
- Recessed Lighting
Bike Score ®
Very Bikeable (72)
PROPERTY TAXES
Parcel Number | 24-10-701-0166-0008 | Improvements Assessment | £374,538 |
Land Assessment | £472,769 | Total Assessment | £847,307 |
PROPERTY TAXES
Parcel Number
24-10-701-0166-0008
Land Assessment
£472,769
Improvements Assessment
£374,538
Total Assessment
£847,307
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414 S US Highway 1
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