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117 N 5th St 5,506 SF 100% Leased Office Building Fort Pierce, FL 34950 $1,595,000 ($289.68/SF)
Executive Summary
This is an amazing opportunity to own a beautiful multi-use building, The Royal Poinciana Building, in the historic district of Ft. Pierce, Florida. Buildings like this are so scarce. Situated near the Federal Courthouse, the iconic Arcade Building and one block west from our downtown and riverwalk. This is a turnkey building in the peacock district. The building boasts 6 completely renovated apartments upstairs with tile floors, granite kitchens, new A/C units and coined laundry facilities. Each apartment has its own electric meter and brand new hurricane windows throughout. Downstairs are 12 immaculate professional offices suites boasting original polished terrazzo floors, community break room with kitchen facilities and public and private restrooms. This city of Ft. Pierce chose The Royal Poinciana Building to have a gorgeous highwaymen-like mural painted on the entire side of the building. Included in the offering is a parking lot which is a different parcel number.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,506 SF
Building Class
C
Year Built
1953
Price
$1,595,000
Price Per SF
$289.68
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,753 SF
Slab To Slab
11’
Building FAR
0.55
Lot Size
0.23 AC
Zoning
C3
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Numbers | Improvements Assessment | $399,105 | |
| Land Assessment | $54,779 | Total Assessment | $453,884 |
Property Taxes
Parcel Numbers
Land Assessment
$54,779
Improvements Assessment
$399,105
Total Assessment
$453,884
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Presented by
Security Real Estate Services
117 N 5th St
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