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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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117 N 5th St , Fort Pierce, FL 34950
$1,645,990
Est. Payment: $3,657.76/mo
0 Bed
0 Bath
5644 Sqft
Status: Active | Days on site: 83
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FLLTREC01 - FLL276806638
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House Description

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.

Highlights

Listed by Hannah Alexandria McClure , 772-237-9002 Total R E Consultants Inc , 954-341-3294.

Property Type

Commercial Sale

Lot/Acreage
0.23

Year Built

1953

County

St Lucie

Area

7070

Listing ID

B26045049

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Wall/Window Unit(s)
Fireplaces:
Floor:Terrazzo,Vinyl
Water:Public

Exterior Features

Lot:<1 Acre,< 1/4 Acre
Garage Capacity:14
Zoning:C3
Roof:Built-Up,Flat,Tile
Sewer:Public Sewer
Parking Features:Accessible Parking
Principal Interest
$3,658
Taxes
$72

Home Price

$1,645,990

Loan Details

30 yrs
%

Down Payment

20%
$329,198
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Monthly Price:
$3,657.76

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,657.76 $72.08 $0.00 $3,729.84
Yearly $43,893.07 $865.00 $0.00 $44,758.07
Total $1,316,792.00 $25,950.00 $0.00 $1,342,742.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Pierce, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.