1531 Delaware AveFort Pierce, FL 34950

Property Details for 1531 Delaware Ave

Year built

1948

Construction

CONCRETE BLOCKS

Lot size

0.71 AC

Property size (Sq ft)

1,692 SF

Zone code

GENERAL CO

Property type

Retail properties

Property subtype

Other retail properties

APN

2409-432-0003-000-9

APU

240943200030009

Description

This exceptional 4,760-square-foot vacant storefront in Fort Pierce, Florida, presents a compelling owner-user or investment opportunity. Located at 1531 Delaware Ave, this property sits on a 0.71-acre lot and is zoned CG, offering considerable flexibility. The property comprises two buildings: a concrete structure and a metal building, providing diverse space for various business uses, from retail to light industrial. With a list price of $999,999 ($210.08/sq ft), this property offers significant income potential through leasing or owner-occupancy. Its prime location in Fort Pierce ensures excellent visibility and accessibility, maximizing exposure for any business. The ample lot size allows for expansion or the addition of outdoor amenities. The property's APN is 24-09-432-0003-0009 | Block-6. This is a rare chance to acquire a substantial commercial property in a thriving Florida city. The property's size and zoning provide a wide range of potential uses, making it an attractive investment for both short-term and long-term growth. The combination of a strong location and versatile buildings makes this an ideal opportunity for a business seeking to establish a presence in a dynamic market or for an investor looking for a solid return. The property is currently vacant, allowing for immediate occupancy or customization to suit specific business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $968,680

  6.5%

  $894,166

  7%

  $830,297

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,086,896

  Geo Method

  $1,086,896

• Alternative Use

  Use

  Valuation

  Residential

  $754,262

  Hospitality

  $690,900

  Educational

  $574,821

  Medical

  $594,590

  Retail

  $894,166

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.443

Longitude

-80.3401

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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