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2402 S US Highway 1 - Porfolio of 3 3 Properties Offered at $2,599,000 in Fort Pierce, FL
Investment Highlights
- Mixed-use & multi-parcel commercial portfolio in the heart of Fort Pierce.
- Single-tenant NNN Lease with national retail tenant Tuff Shed with 125' of frontage along S US HWY-1.
- Freshly-paved & fenced fleet parking lot composed of 23,320 SF (0.54 acres) and underground utilities.
- 3 individual properties (4 folios) provides a Buyer with an opportunity to own prime real estate along the bustling US 1 corridor in Fort Pierce.
- 3-unit residential triplex located behind the Tuff Shed property.
- Plans exist for a future 4,000 SF industrial warehouse/storage building.
Executive Summary
Mixed-use & multi-parcel commercial portfolio in the heart of Fort Pierce. The 3 individual properties (4 folios) provides a Buyer with an opportunity to own prime real estate along the bustling US 1 corridor in Fort Pierce. Take advantage of future development potential, while enjoying the existing cash flow streams generated by a single-tenant NNN Lease with national retail brand Tuff Shed and a residential triplex building.
The portfolio also includes a freshly-paved & fenced lot located across the street which is composed of 23,320 SF (0.54 acres) and is zoned C3 – General Commercial. Plans exist for a future 4,000 SF industrial warehouse/storage building. To accommodate potential future development, the lot already features a full array of underground utilities and new sidewalks. Offering Memorandum attached.
The Tuff Shed piece (Property #1) which features 125' of prime frontage along S US HWY 1 is also available for sale on a standalone basis for $1,699,000. Also see MLS # A11868937.
The portfolio also includes a freshly-paved & fenced lot located across the street which is composed of 23,320 SF (0.54 acres) and is zoned C3 – General Commercial. Plans exist for a future 4,000 SF industrial warehouse/storage building. To accommodate potential future development, the lot already features a full array of underground utilities and new sidewalks. Offering Memorandum attached.
The Tuff Shed piece (Property #1) which features 125' of prime frontage along S US HWY 1 is also available for sale on a standalone basis for $1,699,000. Also see MLS # A11868937.
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 330 Indian Hills Dr, Fort Pierce, FL 34982 | Land | 0.54 AC | - | - |
| 303 Indian Hills Dr, Fort Pierce, FL 34982 | Multifamily | 1,800 SF | 1944 | - |
| 2402 S US Highway 1, Fort Pierce, FL 34982 | Retail | 3,260 SF | 1944 | $1,699,000 |
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2402 S US Highway 1 - Porfolio of 3
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