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5501 Orange Ave

7,904 SF 100% Leased Light Industrial Building Fort Pierce, FL 34947 £7,707,133 (£975/SF)

Investment Highlights

  • Situated just 3/4 of a mile east of I-95
  • New 7-Eleven Gas & Convenience Market Site Under Construction
  • Signalized entry at Orange Ave and Jenkins Rd.
  • Easy access at a lighted intersection combined with unbeatable visibility ensure a most convenient customer experience.

Executive Summary

Orange Crossings, located at 5501 Orange Ave, Ft. Pierce, FL 34947, is a 17.09-acre General Commercial zoned property boasting prime development potential. Situated just 3/4 of a mile east of I-95 on Orange Avenue, the property enjoys convenient access to both Orange Avenue and Jenkins Road. Its strategic location makes it an ideal spot for warehousing, outside storage, or a combination of industrial ventures. With its proximity to major transportation routes and its ample acreage, Orange Crossings presents an attractive opportunity for General Commercial development in St. Lucie County.
For a quick sale and to offset carrying costs during the entitlement process, you could explore two potential sources of income from the Orange Crossings property: We recently renewed the Lease with one tenant, and brought on a New Tenant for 2 sources of income while you Navigate the Entitlement process. There is a Third Opportunity for a Lease Agreement to complete the Income Streams.
With a projected income of $468,000 per year from these sources:
5.5 Acre Parcel for lease one the East side
4.98 Acre Parcel for lease on the West side

Data Room Click Here to Access

Property Facts

Price £7,707,133
Price Per SF £975
Sale Type Investment or Owner User
Sale Conditions 1031 Exchange
Property Type Light Industrial
Property Subtype
Light Distribution
  • General Retail Storefront Retail/Office
  • Industrial Warehouse
Building Class C
Lot Size 17.09 AC
Rentable Building Area 7,904 SF
Number of Floors 1
Year Built/Renovated 1925/2000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2407-701-0001-000-4
Land Assessment
£2,621,208
Improvements Assessment
£313,136
Total Assessment
£2,934,344

zoning

Zoning Code Commercial General (Comm General, IL In the City of Fort Pierce, the Commercial General Zoning has a variety of uses from Industrial to Retail and MF.)
Commercial General (Comm General, IL In the City of Fort Pierce, the Commercial General Zoning has a variety of uses from Industrial to Retail and MF.)
  • Listing ID: 31293559

  • Date on Market: 21/03/2024

  • Last Updated:

  • Address: 5501 Orange Ave, Fort Pierce, FL 34947

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