117 N 5th Street, Fort Pierce, FL 34950

Description of 117 N 5th Street, Fort Pierce, FL 34950

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.

Property Details for 117 N 5th Street, Fort Pierce, FL 34950

Flooring

Terrazzo, Vinyl

Heating

Electric, Window/Wall

Cooling

Ceiling Fan(s), Wall/Window Unit(s)

Pool Private

No

Year Built Details

Newly Updated/Renovated

Property Condition

Substantially Remodeled, Updated/Remodeled, Completely Renovated

Building Information for 117 N 5th Street, Fort Pierce, FL 34950

Building Area Total

5644

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Association Fee

0

Security Features

Smoke Alarm, Smoke Detector(s), Smoke Detector, Security Lights

Property Information for 117 N 5th Street, Fort Pierce, FL 34950

Lot Features

Less Than 1/4 Acre Lot, Less Than 1 Acre

Lot Size Square Feet

10,019

Waterfront

No

View

No

Construction Materials

Brick, CBS Construction, Stucco

Roof

Built-Up, Flat Tile, Flat Roof With Facade Front

Sewer

Public Sewer, Public Sanitation, Sewer

Water Source

Public

New Construction

No

Public Records for 117 N 5th Street, Fort Pierce, FL 34950

Parcel Number

241060700020002

Tax Annual Amount

$865

Tax Year

2025

Tax Legal Description

AMENDED PLAT OF BLK 2 OF RE-S/D OF RECEIVER`S S/D THAT PART OF LOTS 1 AND 2 AS DESC IN DBK 171-155 AND ALL LOT 3 AMENDED PLAT OF BLK 2 OF RE

Zoning

C3

County Or Parish

St Lucie County

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