1611 Orange AveFort Pierce, FL 34950

Property Details for 1611 Orange Ave

Year built

1955

Construction

CONCRETE BLOCKS

Lot size

0.34 AC

Property size (Sq ft)

1,305 SF

Zone code

GENERAL CO

Property type

Retail properties

Property subtype

Other automotive properties

APN

2409-816-0021-000-9

APU

240981600210009

Description

This exceptional mixed-use property, located at 1605-1611 Orange Ave in Fort Pierce, Florida, presents a compelling investment opportunity. The property consists of two attached buildings totaling 4,909 square feet, situated on a 0.68-acre lot. One building is currently leased to a single tenant under a three-year lease (commencing December 4, 2023, and expiring December 4, 2026), with two renewal options. The lease is a modified type with no credit rating specified for the tenant. The other building, offering 3,604 square feet, is currently vacant and presents an opportunity for owner-occupancy or additional leasing. The vacant building also includes a fenced-in yard space with potential for lease. The property boasts a 16-foot ceiling height and has undergone significant renovations in 2024, exceeding $250,000 in improvements. The buildings were originally constructed in 1955 and are classified as Class C. The property is zoned GC and offers a blend of industrial, retail, and flex space, suitable for a variety of uses. The asking price is $1,050,000, translating to $213.89 per square foot. The property is ideally suited for an investor seeking a blend of immediate income and future development potential. The occupancy date for the vacant building is September 1, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $747,128

  6.5%

  $689,656

  7%

  $640,395

• Comparable approach

  Method

  Valuation

  Relative Method

  $838,297

  Geo Method

  $838,297

• Alternative Use

  Use

  Valuation

  Residential

  $581,751

  Hospitality

  $532,881

  Educational

  $443,350

  Medical

  $458,598

  Retail

  $689,656

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.4469

Longitude

-80.3412

CBSA code

38940

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].