940 Us Highway 1Fort Pierce, FL 34950

Property Details for 940 Us Highway 1

Year built

1957

Property size (Sq ft)

4,804 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Fort Pierce

County

St Lucie

State

Florida

Latitude

27.437

Longitude

-80.3278

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