1514 Port St Lucie BlvdPort St. Lucie, FL 34952

Property Details for 1514 Port St Lucie Blvd

Year built

1978

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.49 AC

Property size (Sq ft)

2,384 SF

Zone code

LIMITED MI

Property type

Office buildings

APN

3422-525-0722-000-4

APU

342252507220004

Description

This exceptional 2,384 square foot mixed-use commercial property, located at 1514 SE Port St Lucie Boulevard in Port St. Lucie, Florida (zip code 34952), presents a compelling investment opportunity. The building, constructed in 1978 and boasting a recently updated (2022) roof, offers six units and is currently 100% occupied, generating an 8.20% cap rate. The property features a versatile layout ideal for a variety of business uses, including medical, pharmacy, and traditional office spaces. The ground floor comprises three separate offices and a kitchen, providing a functional and efficient workspace. Upstairs, a three-bedroom, two-bathroom residential area offers flexibility for live-work arrangements or potential rental income. The property benefits from high visibility due to its corner lot location and includes ten dedicated parking spaces. This turnkey operation is ready for immediate occupancy and represents a strong investment in a thriving area. The asking price is $799,900.

• CAP approach

  CAP return

  Valuation

  6%

  $842,052

  6.5%

  $777,278

  7%

  $721,759

• Comparable approach

  Method

  Valuation

  Relative Method

  $607,705

  Geo Method

  $607,705

• Alternative Use

  Use

  Valuation

  Residential

  $963,825

  Hospitality

  $882,859

  Educational

  $734,528

  Medical

  $759,790

  Retail

  $1,142,599

Location Insight

City

Port Saint Lucie

County

St. Lucie

State

Florida

Latitude

27.2708

Longitude

-80.3062

CBSA code

38940

CBSA name

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

Property Tax & Assessments

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