Log In/Sign Up
Your email has been sent.
117 N 5th St 5,506 SF 100% Leased Office Building Fort Pierce, FL 34950 $1,695,000 ($307.85/SF) 7.11% Cap Rate
Investment Highlights
- 7.1% cap rate at the $1,695,000 asking price
- 12 total units: 6 office, 6 residential
- Plenty of on-site parking
- Mixed-use investment opportunity
- Near waterfront, marina, dining, arts
Executive Summary
*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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
5,506 SF
Building Class
A
Year Built
1953
Price
$1,695,000
Price Per SF
$307.85
Cap Rate
7.11%
NOI
$120,515
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 - General Commercial
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Moderately bikeable
60/100
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
1 of 18
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
