117 N 5TH STREET, FORT PIERCE, FL 34950

Description of 117 N 5TH STREET, FORT PIERCE, FL 34950

*Please do not disturb tenants.* MIXED-USE INVESTMENT OPPORTUNITY |The Royal Poinciana Building located in downtown Fort Pierce is a mixed-use freestanding building featuring approx. 5,500+/- SQFT with 12 total units. Diversified income opportunity from both office and residential tenants. Strong downtown location near waterfront, marina, dining, arts, and local amenities with plenty of on-site parking. Layout: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments. 1st Floor: The 6 professional office suites included shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization. 2nd Floor: The 6 residential components include updated studio and one-bedroom interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents. 7.1 cap rate at the $1,695,000 asking price. Please do not disturb tenants.

Property Details for 117 N 5TH STREET, FORT PIERCE, FL 34950

Cooling

Wall/Window Unit(s)

Building Information for 117 N 5TH STREET, FORT PIERCE, FL 34950

Building Area Total

5500

Building Area Units

Square Feet

Stories Total

2

Property Information for 117 N 5TH STREET, FORT PIERCE, FL 34950

Lot Size Square Feet

10,019

Waterfront

No

View

No

Construction Materials

Brick, Concrete, Stucco

New Construction

No

Public Records for 117 N 5TH STREET, FORT PIERCE, FL 34950

Parcel Number

241060700020002

Tax Annual Amount

$11,392

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-S/D (1) (MAP 24/10D) (OR 1021-2637: 1037-48: 1223-49)

Zoning

GENERAL CO

County Or Parish

St Lucie

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