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1901 Orange Ave 1,100 SF 100% Leased Retail Building Fort Pierce, FL 34950 $275,000 ($250/SF) 8% Cap Rate
EXECUTIVE SUMMARY
Prime Commercial Location on Orange Avenue - Excellent opportunity to own a commercial property along one of Fort Pierce's main thoroughfares; just minutes from Downtown and the Waterway. Ideally positioned near the I-95/Turnpike corridor, this property offers high visibility and convenient access. BRAND NEW METAL ROOF!! Currently leased by a specialty grocer, the building features approximately 1,100 square feet of interior space, side parking, with additional parking spaces in the rear. Currently leased with an approximate 8% CAP rate. The existing lease is through 2/28/28. Fort Pierce continues to experience significant redevelopment and investment, making this a strategic location for long-term growth.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,100 SF
Building Class
C
Year Built
1951
Price
$275,000
Price Per SF
$250
Cap Rate
8%
NOI
$22,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
0.10 AC
Zoning
Stor-1ST
Frontage
48’ on Orange Ave
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-09-702-0001-0003 | Improvements Assessment | $105,000 |
| Land Assessment | $31,800 | Total Assessment | $136,800 |
PROPERTY TAXES
Parcel Number
24-09-702-0001-0003
Land Assessment
$31,800
Improvements Assessment
$105,000
Total Assessment
$136,800
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1901 Orange Ave
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