117 N 5th ST, Fort Pierce, FL
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Rebecca Sexton

Rebecca Sexton

+1(772) 971-1357
$ 1,695,000
Est. payment /mo
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117 N 5th ST Fort Pierce, FL

5,644 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,644 sqft

Price per Sqft $300

MLS Listing ID B26045049

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1953

Annual Tax Amount $865

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Mixed Use

Property 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.

Location

State FL

County St Lucie

Area 7070

Zoning C3

Interior

Interior Features InteriorFeatures

Heating Electric, Wall Furnace

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

Flooring Vinyl

Fireplace No

Exterior

Parking Features Accessible Parking

Utilities Available Cable Available, Electricity Available, Water Available

Water Access Desc Public

Roof Type Built-Up,Flat

Accessibility Accessibility Features

Total Parking Spaces 14

Building

Lot Description < 1/4 Acre

Dwelling Type Mixed Use

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Block,Stucco

New Construction No

Construction Status Updated/Remodeled

Others

Tax ID 241060700020002

Security Features Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

BeachesMLS, Inc. (FLR) IDX
Listed by Hannah Alexandria McClure Total R E Consultants Inc

NEARBY SCHOOLS & PROPERTIES

Rebecca Sexton

Rebecca Sexton

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+1(772) 971-1357

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117 N 5th ST