Mixed-Use Portfolio – 23,320 SF in Fort Pierce, FL – Prime US 1 Corridor Development Opportunity

Category: Mixed-Use

Price:$2,599,000

Location: Fort Pierce, FL

Year Built: 1949

Days on Market: 20

Description:

Mixed-use & multi-parcel commercial portfolio in the heart of Fort Pierce. The 3 individual properties (4 folios) provides a Buyer with an opportunity to own prime real estate along the bustling US 1 corridor in Fort Pierce. Future development potential, while enjoying the existing cash flow streams generated by a single-tenant NNN Lease with a national retail brand and a residential triplex building. The portfolio also includes a vacant developable lot located across the street which is composed of 23,320 SF (0.54 acres) and is zoned C3 – General Commercial. Plans exist for a future 4,000 SF industrial warehouse/storage building. To accommodate potential future development, the lot already features a full array of underground utilities and new sidewalks. Offering Memorandum attached.

Prime corner location along northbound lanes of S US-1 & Indian Hills Drive. The combined Tuff Shed parcels are 2402 S US HWY 1 & 307 Indian Hills Dr.

Listing Code: 1114948704