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5501 Orange Ave 7,904 SF 100% Leased Flex Building Fort Pierce, FL 34947 $9,850,000 ($1,246.20/SF)

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INVESTMENT HIGHLIGHTS

  • Situated just 3/4 of a mile east of I-95
  • New 7-Eleven Gas & Convenience Market Site Under Construction
  • Signalized entry at Orange Ave and Jenkins Rd.
  • Easy access at a lighted intersection combined with unbeatable visibility ensure a most convenient customer experience.

EXECUTIVE SUMMARY

100% LEASED!! Orange Crossings, located at 5501 Orange Ave, Ft. Pierce, FL 34947, is a 17.09-acre General Commercial zoned property boasting prime development potential. Situated just 3/4 of a mile east of I-95 on Orange Avenue, the property enjoys convenient access to both Orange Avenue and Jenkins Road. Its strategic location makes it an ideal spot for warehousing, outside storage, or a combination of industrial ventures. With its proximity to major transportation routes and its ample acreage, Orange Crossings presents an attractive opportunity for General Commercial development in St. Lucie County.
For a quick sale and to offset carrying costs during the entitlement process, you could explore two potential sources of income from the Orange Crossings property: We recently renewed the Lease with one tenant, and brought on a New Tenant for 2 sources of income while you Navigate the Entitlement process. There is a Third Opportunity for a Lease Agreement to complete the Income Streams.
With a projected income of $468,000 per year from these sources:
5.5 Acre Parcel for lease one the East side
4.98 Acre Parcel for lease on the West side

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $9,850,000
Price Per SF $1,246.20
Sale Type Investment or Owner User
Sale Condition 1031 Exchange
Property Type Flex
Property Subtype
Light Distribution
  • General Retail Storefront Retail/Office
  • Industrial Warehouse
Building Class C
Lot Size 17.09 AC
Rentable Building Area 7,904 SF
No. Stories 1
Year Built/Renovated 1925/2000
Zoning Commercial General - Comm General, IL In the City of Fort Pierce, the Commercial General Zoning has a variety of uses from Industrial to Retail and MF.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2407-701-0001-000-4
Land Assessment
$2,053,700
Improvements Assessment
$282,200
Total Assessment
$2,335,900
  • Listing ID: 31293559

  • Date on Market: 3/21/2024

  • Last Updated:

  • Address: 5501 Orange Ave, Fort Pierce, FL 34947

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