1200 Bell AveFort Pierce, FL 34982

Property Details for 1200 Bell Ave

Year built

1987

Construction

CONCRETE BLOCKS

Lot size

0.54 AC

Property size (Sq ft)

4,240 SF

Zone code

LIGHT INDU

Property type

Warehouses

APN

2428-502-0026-030-8

APU

242850200260308

Description

This exceptional 4,240-square-foot industrial warehouse, built in 1987, presents a fantastic leasing opportunity in the heart of Fort Pierce. The single-tenant building sits on a 0.54-acre lot with 108.42 feet of frontage and is zoned for light industrial use. Features include a spacious roll-up door, ample parking, and a sizable mezzanine offering additional storage or office space. The property also benefits from a storefront-style entrance, ideal for prominent signage, and additional yard space. Its convenient location offers easy access to major transportation arteries, being only 0.8 miles from 25th Street and 0.7 miles from US Highway 1. The property's two stories provide versatile space, and the surrounding area features similar industrial properties, making it an excellent choice for businesses seeking a well-situated and functional warehouse space. The property's APN is 2428-502-0026-030-8. This is a rare opportunity to secure a well-maintained, strategically located industrial warehouse in a thriving area. The entire 4,240 square feet is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,511,600

  6.5%

  $3,241,470

  7%

  $3,009,940

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,729,310

  Geo Method

  $1,729,310

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $1,672,560

  Mixed-Use / Specialty

  $1,674,750

  Hospitality / Lodging

  $1,239,330

  Office

  $1,673,300

  Institutional / Educational

  $1,743,980

  Residential Income

  $2,040,460

  Multifamily

  $2,402,000

  Automotive / Energy

  $1,494,840

  Parking / Income-Based Land

  $507,794

  Restaurant / Food Service

  $888,458

  Healthcare / Senior Housing

  $1,709,060

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.3967

Longitude

-80.3365

CBSA code

38940

CBSA name

PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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