For Sale
$6,500,000

8545-8599 HwyPort St. Lucie, FL 34952

Port St. Lucie Retail Center - High Occupancy

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 42,000 square foot shopping center in Port St. Lucie, Florida, presents a compelling value-add investment opportunity. Located on a 4.5-acre lot at the hard corner of US Highway 1 and Savannah, this property boasts a prime location in a rapidly growing area. The center currently enjoys 100% occupancy with 13 tenants under gross lease agreements, generating a strong net operating income (NOI) of $219,962 and a 3.23% capitalization rate. The asking price is $6,500,000, translating to $154.76 per square foot. The property is zoned for general commercial use, offering flexibility for future development or expansion. With its high occupancy rate, strong NOI, and excellent location in booming Port St. Lucie, this retail center represents a significant opportunity for investors seeking a stable, high-performing asset with considerable upside potential. The property's expansive size and strategic location on a major highway provide exceptional visibility and accessibility. This is a rare opportunity to acquire a well-established retail center in a thriving market.

Highlights

  • High-visibility retail/restaurant property totaling over 42,000 square feet on a 4.5-acre parcel in Port St. Lucie.
  • Prime location on US Highway at a hard corner intersection in a high-growth area.
  • Significant upside potential due to strong location and expansive space.

Property Details for 8545-8599 Hwy

Property type
Lifestyle centers, Power centers
Square Feet
42,000 SF
Lot Size (sq. ft)
196,020 SF
Units
13

Location Insight

City
Port St. Lucie
County
St. Lucie
State
Florida
Latitude
27.3125572
Longitude
-80.3143889
8545-8599 Hwy, Port St. Lucie, Florida

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8545-8599 Hwy
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