2425 Okeechobee RdFort Pierce, FL 34950

  • Office properties
  • 1,794 SF
For Sale
$335,000 View listing

Property Details for 2425 Okeechobee Rd

Year built
1966
Construction
CONCRETE BLOCKS
Lot size
0.29 AC
Property size (Sq ft)
1,794 SF
Zone code
GENERAL CO
Property type
Office properties
Property subtype
Office buildings
APN
2416-602-0074-000-0
APU
241660200740000

Description

This 1,794 square foot freestanding building in Fort Pierce, Florida, presents a compelling investment opportunity. Situated on a 0.29-acre lot (APN 2416-602-0074-000-0), this single-story structure is zoned C-3, General Commercial, offering flexibility for various uses. Currently divided into two separate units, each suitable for office or retail purposes, the property boasts a fenced rear yard with gated access on both sides, ideal for storage or additional outdoor space. Located at 2425 Okeechobee Rd, Fort Pierce, FL 34950, this property offers significant upside potential. Current rents are below market value, providing a strong opportunity for increased income. The asking price is $335,000 ($186.73/sq ft). This property is perfect for an owner-user seeking additional rental income or an investor looking for a value-add opportunity in a convenient location. The property's versatility, combined with its prime location and below-market rents, makes it an attractive proposition for discerning buyers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $676,697
    6.5%
    $624,643
    7%
    $580,026
  • Comparable approach

    Method
    Valuation
    Relative Method
    $457,309
    Geo Method
    $457,309
  • Alternative Use

    Use
    Valuation
    Residential
    $774,558
    Hospitality
    $709,491
    Educational
    $590,288
    Medical
    $610,589
    Retail
    $918,226
2425 Okeechobee Rd, Fort Pierce, Florida

Location Insight

City
Fort Pierce
County
St. Lucie
State
Florida
Latitude
27.4374
Longitude
-80.3493
CBSA code
38940
CBSA name
PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$5,242
$50,700
$151,400
$202,100
-
$50,700
$151,400
$202,100

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