This ±2,100 square foot commercial space is situated in a prime Fort Pierce location within a vibrant business park. The property, part of an inline plaza, enjoys exceptional visibility and accessibility on Okeechobee Road, boasting approximately 37,000 average annual daily traffic. Its strategic placement next to PNC Bank and the newly renovated 480,000 square foot Renaissance Business Park ensures high traffic flow and brand recognition opportunities. The single-story building features quality construction, attractive landscaping, and ample parking, catering to the needs of both tenants and their clients. Zoned C-3, this versatile space is ideal for medical offices, retail businesses, or professional services. The 1.72-acre lot offers significant potential. Convenient access to major roadways, including the Florida Turnpike, I-95, and SR 70, enhances its appeal and accessibility for employees and customers alike. This is a rare opportunity to secure a well-located, high-visibility commercial space in a thriving area of St. Lucie County, Florida. The property's multiple tenancy allows for flexibility in lease terms and tenant mix. The space is currently vacant, providing immediate occupancy for the right tenant.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$2,772,031
6.5%
$2,558,798
7%
$2,376,027
Comparable approach
Method
Valuation
Relative Method
$1,935,277
Geo Method
$1,935,277
Alternative Use
Use
Valuation
Residential
$3,172,910
Hospitality
$2,906,368
Educational
$2,418,064
Medical
$2,501,225
Retail
$3,761,433
Location Insight
City
Fort Pierce
County
St. Lucie
State
Florida
Latitude
27.4259
Longitude
-80.3683
CBSA code
38940
CBSA name
PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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