For Sale
$1,050,000

1611 Orange AveFort Pierce, FL 34950

Fort Pierce, FL Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 1605-1611 Orange Ave in Fort Pierce, Florida, presents a compelling investment opportunity. The property consists of two attached buildings totaling 4,909 square feet, situated on a 0.68-acre lot. One building is currently leased to a single tenant under a three-year lease (commencing December 4, 2023, and expiring December 4, 2026), with two renewal options. The lease is a modified type with no credit rating specified for the tenant. The other building, offering 3,604 square feet, is currently vacant and presents an opportunity for owner-occupancy or additional leasing. The vacant building also includes a fenced-in yard space with potential for lease. The property boasts a 16-foot ceiling height and has undergone significant renovations in 2024, exceeding $250,000 in improvements. The buildings were originally constructed in 1955 and are classified as Class C. The property is zoned GC and offers a blend of industrial, retail, and flex space, suitable for a variety of uses. The asking price is $1,050,000, translating to $213.89 per square foot. The property is ideally suited for an investor seeking a blend of immediate income and future development potential. The occupancy date for the vacant building is September 1, 2024.

Highlights

  • Recently renovated building with one tenant in place.
  • Owner-user opportunity available in the other building section.

Property Details for 1611 Orange Ave

Property type
Retail properties, Mixed-use properties
Square Feet
4,909 SF
Class
C
Year Built/Renovated
1955/2024
Buildings
2
Lot Size (sq. ft)
29,621 SF

Location Insight

City
Fort Pierce
County
St. Lucie
State
Florida
Latitude
27.4469274
Longitude
-80.3411392
1611 Orange Ave, Fort Pierce, Florida

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1611 Orange Ave
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