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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
Freestanding
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)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-10-701-0166-0008
Land Assessment
£472,769
Improvements Assessment
£374,538
Total Assessment
£847,307
  • Listing ID: 29820546

  • Date on Market: 18/10/2023

  • Last Updated:

  • Address: 414 S US Highway 1, Fort Pierce, FL 34950

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