For Sale
$725,000

940 Us Highway 1Fort Pierce, FL 34950

Fort Pierce, FL: Prime US-1 location, high traffic!

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents two buildings totaling 5,502 square feet situated on a high-traffic corner of US Highway 1 in Fort Pierce, Florida. The main building, formerly the iconic Jiffy Photo, boasts 3,920 square feet of air-conditioned space and a drive-through, offering significant potential for redevelopment or repurposing. The upper level features six rooms and one bathroom, previously plumbed for two, suggesting possibilities for live/work arrangements. A 2004 roof ensures structural integrity. The second building, a smaller 884-square-foot structure with a 2021 roof, is currently leased month-to-month as a restaurant for $800 per month, providing immediate rental income. Both buildings have independent electric and water meters. This property benefits from its location near the highest-grossing Dollar Store on the Treasure Coast, experiencing over 23,000 cars daily. Demographic data reveals a strong population base within a five-mile radius, boasting an average household income of $69,712. The total square footage under air is 4,804 square feet, as per the tax assessor. This property is zoned for general commercial use, presenting a versatile canvas for various business ventures. The asking price is $725,000. Detailed information is available in the supplemental materials and offering memorandum.

Highlights

  • $725,000 asking price for a vacant retail property.
  • 4,804 square feet of air-conditioned space in a Class B, two-building property.
  • Located at 940 S US Hwy 1, Fort Pierce, FL 34950, on a high-traffic corner.
  • Property includes two buildings totaling 5,502 square feet, with one building previously operating as the iconic Jiffy Photo.
  • One building is vacant, while the other is leased month-to-month for $800/month to a restaurant tenant.

Property Details for 940 Us Highway 1

Property type
Retail properties, Restaurants
Square Feet
4,804 SF
Class
B
Year Built
1957
Buildings
2
Units
2

Location Insight

City
Fort Pierce
County
St Lucie
State
Florida
Latitude
27.4370229
Longitude
-80.3278296
940 Us Highway 1, Fort Pierce, Florida

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940 Us Highway 1
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