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414 S US Highway 1 1,920 SF Retail Building Fort Pierce, FL 34950 $1,799,000 ($936.98/SF) 7.34% Cap Rate
INVESTMENT HIGHLIGHTS
- Signalized Corner
- Fully Paved parking lot
EXECUTIVE SUMMARY
This location is the gateway to downtown Fort Pierce. Currently operating as a used car lot and open to the public repair/paint shop. This property is currently leased for the next 5 years. Lease started on January 1st, 2024. Lease is $660,000.00 NET over the 1st 5 years with options. Currently used as a used car lot with auto repairs. Please do not enter (broker must accompany) the property or disturb the tenant/employees.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,920 SF
Building Class
B
Year Built/Renovated
2000/2018
Price
$1,799,000
Price Per SF
$936.98
Cap Rate
7.34%
NOI
$132,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
1.12 AC
Zoning
General Commercial - General Commercial zoning.
Parking
150 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
56’ on S US Highway 1
AMENITIES
- Fenced Lot
- Pylon Sign
- Signage
- Accent Lighting
- Storage Space
- Recessed Lighting
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 24-10-701-0166-0008 | Improvements Assessment | $462,200 |
| Land Assessment | $659,100 | Total Assessment | $1,121,300 |
PROPERTY TAXES
Parcel Number
24-10-701-0166-0008
Land Assessment
$659,100
Improvements Assessment
$462,200
Total Assessment
$1,121,300
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414 S US Highway 1
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