1500 Lennard RdPort St. Lucie, FL 34952

Property Details for 1500 Lennard Rd

Year built

1991

Construction

CONCRETE BLOCKS

Lot size

1.03 AC

Property size (Sq ft)

9,460 SF

Zone code

NEIGHBORHO

Property type

Office properties

Property subtype

Office buildings

APN

4401-500-0001-000-5

APU

440150000010005

Description

This 9,460 square foot, Class B commercial building in Port St. Lucie, Florida, presents a unique investment opportunity. Built in 1991, the property sits on a 1.033-acre lot and offers ample parking with 50+ spaces. Currently vacant, this flexible space is ideal for a variety of uses, including medical offices, storefronts, and traditional office spaces. The building features a durable concrete block structure with a metal roof, designed for adaptability and longevity. Its prime location on a traffic light corner at 1500 SE Lennard Rd, Port St. Lucie, FL 34952, ensures high visibility and convenient access. The proximity to St. Lucie Medical Center further enhances its appeal to businesses seeking a strategic location. The property's versatility allows for division into multiple suites, catering to diverse business needs. This is a prime opportunity to acquire a well-located, adaptable commercial building in a growing market. Asking price is $2,700,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,682,588

  6.5%

  $3,399,312

  7%

  $3,156,504

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,411,448

  Geo Method

  $2,411,448

• Alternative Use

  Use

  Valuation

  Residential

  $4,215,146

  Hospitality

  $3,861,051

  Educational

  $3,212,349

  Medical

  $3,322,827

  Retail

  $4,996,988

Location Insight

City

Port Saint Lucie

County

St. Lucie

State

Florida

Latitude

27.2926

Longitude

-80.2853

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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