Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1953
Sq.Footage
5,644
Fully leased Downtown Fort Pierce mixed-use investment opportunity featuring approx. 5,500 SF with 12 total units: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments. 7.1% cap rate at the $1,695,000 asking price. Updated apartment interiors, office income, on-site parking, and strong downtown location near waterfront, marina, dining, arts, and local amenities. Please do not disturb tenants. Royal Poinciana Building offers diversified income from both residential and office tenants. The upstairs residential component includes updated studio and one-bedroom interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents. The first-floor office component includes 6 professional office suites with shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Ceiling Fan(s), Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Electric, Wall Furnace
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick, Block, Stucco
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.23
-
Property Type
Commercial Sale
-
Property Sub Type
Mixed Use
Price
-
Sales Price
$1,645,990
-
Tax Amount
$865.94
-
Sq. Footage
5,644
-
Price/SqFt
$291
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Sewer
Public Sewer
-
Water Source
Public
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Location
County
St Lucie
Elementary School
Middle School
High School
Listing Courtesy of Hannah Alexandria McClure, Total R E Consultants Inc
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