About 117 N 5th Street
*Please do not disturb tenants.* MIXED-USE INVESTMENT OPPORTUNITY |The Royal Poinciana Building located in downtown Fort Pierce is a mixed-use freestanding building featuring approx. 5,500+/- SQFT with 12 total units. Diversified income opportunity from both office and residential tenants. Strong downtown location near waterfront, marina, dining, arts, and local amenities with plenty of on-site parking. Layout: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments. 1st Floor: The 6 professional office suites included shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization. 2nd Floor: The 6 residential components include updated studio and one-bedroom interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents. 7.1 cap rate at the $1,695,000 asking price. Please do not disturb tenants.
Features of 117 N 5th Street
| MLS® # | O6425092 |
|---|---|
| Price | $1,695,000 |
| Square Footage | 5,500 |
| Acres | 0.12 |
| Year Built | 1953 |
| Type | Commercial Sale |
| Sub-Type | Mixed Use |
| Status | Active |
Listing Details
| Office | TOTAL R E CONSULTANTS INC |
|---|
Listing Map
Neighborhood Information for 117 N 5th Street
Moderate Residential Turnover
Statistics
Number of Listings
Population Age
Home Listings Prices
Nearby Schools
| Great Schools | School Name | Distance | |
|---|---|---|---|
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Virtual Schools Of Excellence Private - Kindergarten to 12Th Grade |
0 Miles | |
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St. Andrew's Episcopal Academy Private - Preschool to 12Th Grade - Closest Elementry School |
0 Miles | |
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Fort Pierce Magnet School Of The Arts Public - Kindergarten to 8Th Grade - Closest Middle School |
0 Miles | |
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Dan Mccarty School Public - 6Th Grade to 8Th Grade |
1 Miles | |
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Lincoln Park Academy Public - 6Th Grade to 12Th Grade - Closest High School |
1 Miles | |
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Dale Cassens Education Complex Public - Kindergarten to 12Th Grade |
1 Miles | |
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Frances K. Sweet Elementary School Public - Kindergarten to 5Th Grade |
1 Miles |
School data provided by GreatSchools