For Sale
$5,750,000

8900 HwyPort St. Lucie, FL 34952

High-Yield Retail Investment in Port St. Lucie

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 30,000 square foot shopping center presents a compelling investment opportunity in the thriving Port St. Lucie, Florida market. Located on a prominent 3.3-acre corner lot at 8900 S U.S. Hwy 1, the property boasts unparalleled visibility and accessibility. Currently operating at 100% occupancy with eight tenants under a gross lease structure, this multi-tenant retail center generates a substantial net operating income (NOI) of $181,230, translating to a 3.02% capitalization rate at an asking price of $5,750,000. The property's $191.67 per square foot price reflects its strong performance and potential for future growth. Zoned for general commercial use, this asset offers significant upside potential through lease renewals and rent increases. The strategic location on the hard corner of US Highway 1 and Village Green ensures high traffic volume and exposure to a dense population base. This is a rare opportunity to acquire a fully leased, high-performing retail center in a rapidly expanding Florida market. The property's size and location make it an ideal investment for both seasoned and emerging investors seeking a stable, income-producing asset with significant long-term growth prospects. The property is situated in St. Lucie County, Florida, with a zip code of 34952.

Property Details for 8900 Hwy

Property type
Lifestyle centers, Power centers
Square Feet
30,000 SF
Lot Size (sq. ft)
143,748 SF
Units
8

Location Insight

City
Port St. Lucie
County
St. Lucie
State
Florida
Latitude
27.304935
Longitude
-80.307034
8900 Hwy, Port St. Lucie, Florida

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8900 Hwy
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