117 N 5th Street, Fort Pierce, FL
Listing Snapshot
| List Price | $1,695,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.23 acres |
| Year Built | 1953 |
| Property Tax | $865.94/yr |
| HOA / Condo Fee | $0 |
| MLS # | 1175992740 |
| Status | Active |
| Days on Market | 2 |
About This Home
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.
General Features
- Property Type
- CommercialSale
- Sub-type
- MixedUse
- Stories
- 2
- Parking Spaces
- 14
- Parking
- AccessibleParking
- Zoning
- C3
- Security
- SmokeDetectors,SecurityLights
- Utilities
- CableAvailable,ElectricityAvailable,WaterAvailable
Interior Features
- Flooring
- Terrazzo,Vinyl
- Heating
- Electric,WallFurnace
- Cooling
- CeilingFans,WallWindowUnits
Exterior Features
- Construction
- Brick,Block,Stucco
- Roof
- BuiltUp,Flat
- Lot Features
- LessThanQuarterAcre
Community Features
- Association Dues
- $0
- MLS Area
- 7070
Map
Virtual Tour
View Virtual TourMLS# 1175992740 · BEACH
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Estimate Your Payment
20% down · Loan: $1,356,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.