Map of Property

2739 S US HIGHWAY 1, Fort Pierce, Florida 34982

For Sale

2739 U.S. 1, Fort Pierce, FL, Fort Pierce, FL 34982

This Fort Pierce property for sale is located at 2739 U.S. 1, Fort Pierce, FL. The general use of 2739 S US HIGHWAY 1, Fort Pierce, Florida 34982 is multi-family and it incorporates 11,071 square feet of class C multi-family space. The current listed sale price for 2739 S US HIGHWAY 1, Fort Pierce, Florida 34982 is $575,000. 2739 S US HIGHWAY 1, Fort Pierce, Florida 34982 is situated on a lot that is 0.72 acre in size.

Contacts

broker

Alex Adorno

The Keyes Company

Property Details

  • Property Type Multi-Family
  • Property Size 11,071 SF
  • Units 6
  • Lot Size 0.72 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 20
  • Parking Ratio 2.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1954
  • Date Updated Oct 13, 2024
The subject is located on US 1 and benefits from a high traffic count of 37k ADT.The subject property consists of a 100% occupied mixed-use building with a total of gross building area of 11,071 and a rentable area of 10,026 sq.ft., comprising 4,152 sq.ft. of retail, 3,300 sq.ft. of warehouse/storage and 3 apartments with 2,274 sq. ft. Great opportunity to acquire at below market value. Recent MAI appraisal at $600,000. The owner is willing to lease-back retail portion for one year at $2,500/month. That would yield a cap rate of 8.79%. Once rented at market levels (estimated at $3,500/month or $10/psf) the stabilized cap rate is projected at around 10.4%. The owner will pay rent, operate business and more importantly help to find a new tenant during the first year. Asking price is only 6.6x the rent roll. The property has been operating as an antique mall for over 15 years. While this is an investment property, an owner-operator could continue the antique mall, if desired.

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Highlights

  • 100% Occupied assuming short term sale lease-back (12 months)
  • High Traffic Count
  • Corner location with great street visibility.
  • Pineapple Patti's Antique Mall in place for over 15 years.

Getting around

  • 66/100

    Walk Score ®

  • 57/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fort Pierce, FL
  • Neighborhood Maravilla Gardens
  • Zip Code 34982

Points of Interest

  • Mobil

    0.47 miles

  • BP

    1.21 miles

  • 7-Eleven

    1.46 miles

  • Chevron

    1.80 miles

  • Shell

    2.18 miles

  • Hess

    2.88 miles

  • Sunoco

    2.94 miles

  • Fort Pierce Supercharger

    3.40 miles

  • Tesla Supercharger

    4.11 miles

  • East Temporary Student Overflow Parking

    1.80 miles

  • South East Parking Lot - (C,P5,Q)

    1.82 miles

  • East Central Parking Lot - (N,P,PT,P5,Q,C)

    1.85 miles

  • North East Student Parking Lot - (L,N,R,S,T)

    1.90 miles

  • North Reserved Parking - (Employees Only)

    1.97 miles

  • South West Student Parking Lot - (H,V,Y)

    2.01 miles

  • Visitor Parking

    2.03 miles

  • West Parking Lot - (FSU,H, I, V,Y)

    2.05 miles

  • West Reserved Parking - (Employees Only)

    2.09 miles

  • NW Central Student Parking - (B,E,FSU,J,KSU,O,W)

    2.11 miles

  • Rodeway Inn Fort Pierce Us Highway 1

    0.26 miles

  • Days Inn

    0.70 miles

  • Parkway Motel

    0.94 miles

  • Dockside Inn

    3.77 miles

  • Hutchinson Island Plaza Hotel & Suites

    3.80 miles

  • Motel 6

    3.92 miles

  • Fairfield Inn & Suites Fort Pierce

    3.93 miles

  • Days Inn & Suites by Wyndham Fort Pierce I-95

    3.99 miles

  • Comfort Suites

    3.99 miles

  • Waterfront Motel

    4.00 miles

  • Publix

    0.43 miles

  • ALDI

    1.14 miles

  • Winn-Dixie

    2.90 miles

  • Walmart Supercenter

    3.16 miles

  • Walmart Neighborhood Market

    7.72 miles

  • Bealls

    8.47 miles

  • Bealls Outlet

    8.49 miles

  • Ross

    8.53 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Alex Adorno

The Keyes Company