For Sale
$380,000

1556 South Niemeyer CirPort St. Lucie, FL 34952

2,006 SF Warehouse, $380K

Overview

Added:
Dec 11, 2024
Days on market:
114
This 2,006-square-foot industrial warehouse condo in Port St. Lucie, Florida, presents a compelling investment opportunity. Located at 1556 SE South Niemeyer Cir, 34952, this single-unit Class C property boasts a 20-foot ceiling height and is zoned WI, offering versatile usage options ideal for industrial and flex space needs. Built in 1995, the property features a 14-foot bay door and convenient access to 3-phase power. The asking price is $380,000, translating to $189.43 per square foot. With a pro-forma NOI of $30,090 and a 7.92% pro-forma cap rate, this property offers strong potential returns for owner-users. Its prime location east of US1 near Crosstown Parkway positions it to benefit from the area's growing demand for industrial space. The property's APN is 3435-501-0001-000-0. This is a modified leasehold tenancy.

Highlights

  • Flexible zoning allows diverse uses.
  • Excellent investment opportunity for industrial and flex properties.
  • Strategic Port St. Lucie location, east of US1, near Crosstown Parkway.
  • Strong market demand creates high investment potential.
  • Promising industrial/flex investment with significant upside.

Property Details for 1556 South Niemeyer Cir

Property type
Warehouses, Industrial properties
Square Feet
2,006 SF
Class
C
Year Built
1995
Units
1

Location Insight

City
Port St. Lucie
County
St. Lucie
State
Florida
Latitude
27.304137921517
Longitude
-80.304300093895
1556 South Niemeyer Cir, Port St. Lucie, Florida

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1556 South Niemeyer Cir
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