2425 Okeechobee RdFort Pierce, FL 34950
- Office properties
- 1,794 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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