2425 Okeechobee RdFort Pierce, FL 34950

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 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.

• 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

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