1100 Colonnades DrFort Pierce, FL 34949

Property Details for 1100 Colonnades Dr

Year built

1975

Construction

CONCRETE BLOCKS

Lot size

0.96 AC

Property size (Sq ft)

4,000 SF

Zone code

TOURIST CO

Property type

Retail properties

Property subtype

Community centers

APN

2401-501-0331-220-2

APU

240150103312202

Description

This exceptional 1,000-square-foot retail space, formerly a bank, is available for lease in the desirable Colonnades Plaza on Fort Pierce South Beach (Hutchinson Island). Located across from the Pelican Yacht Club, this property boasts excellent visibility on Seaway Drive. The space features ample parking with 25 spaces in front and 15 in the rear. The property is zoned C-5 and has an APN of 240150103312202. The lease rate is $25 per square foot, NNN, with CAM estimated at $7.90 per square foot. This single-tenant space presents a unique opportunity for businesses seeking a high-traffic location. The property is part of a vibrant commercial center, sharing space with established businesses such as Ocean Nails, Cream Republic Ice Cream, Agelina's Italian Restaurant, and Ellie's House of Hair. Note that an adjacent 2,000-square-foot former medical space is also available, allowing for a combined total of 3,000 square feet should a larger space be required. Given the limited availability of commercial space on South Beach, this property represents a rare and highly sought-after opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $2,290,732

  6.5%

  $2,114,522

  7%

  $1,963,485

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,569,493

  Geo Method

  $2,569,493

• Alternative Use

  Use

  Valuation

  Residential

  $1,783,678

  Hospitality

  $1,633,840

  Educational

  $1,359,336

  Medical

  $1,406,085

  Retail

  $2,114,522

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.4642

Longitude

-80.3021

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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