Mixed-use and multi-parcel commercial portfolio in the heart of Fort Pierce. The 3 individual properties (4 folios) provides a Buyer with an opportunity to own prime real estate along the bustling US 1 corridor in Fort Pierce. Future development potential, w

2402 SOUTH US HIGHWAY 1, Fort Pierce

$2,599,000 USD
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Address2402 SOUTH US HIGHWAY 1, Fort Pierce
Type of PropertyMixed Use
Type of BusinessResidential-Multi-Family, Retail Space
Property StyleMixed Use
Price$2,599,000
Property StatusActive
MLS NumberA11816508
Property Size7050
Lot Size7050
Year Built1949
Folio Number2422-601-0004-000-5
Zoning InformationGENERAL
Days on Market301

Detailed Description: Mixed-use and multi-parcel commercial portfolio in the heart of Fort Pierce. The 3 individual properties (4 folios) provides a Buyer with an opportunity to own prime real estate along the bustling US 1 corridor in Fort Pierce. Future development potential, while enjoying the existing cash flow streams generated by a single-tenant NNN Lease with a national retail brand and a residential triplex building. The portfolio also includes a vacant developable lot located across the street which is composed of 23,320 sq.ft (0.54 acres) and is zoned C3 – General Commercial. Plans exist for a future 4,000 sq.ft industrial warehouse / storage building. To accommodate potential future development, the lot already features a full array of underground utilities and new sidewalks. Offering Memorandum attached.

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Address Information
StateFlorida
CityFort Pierce
CountySt Lucie County
Zip Code34982
Address2402 SOUTH US HIGHWAY 1
Zip Code (4 Digits)3428
Financial Information
Price$2,599,000
Price per Foot$0
Folio Number2422-601-0004-000-5
Tax Amount$4,733
Full Descriptions
Detailed DescriptionMixed-use and multi-parcel commercial portfolio in the heart of Fort Pierce. The 3 individual properties (4 folios) provides a Buyer with an opportunity to own prime real estate along the bustling US 1 corridor in Fort Pierce. Future development potential, while enjoying the existing cash flow streams generated by a single-tenant NNN Lease with a national retail brand and a residential triplex building. The portfolio also includes a vacant developable lot located across the street which is composed of 23,320 sq.ft (0.54 acres) and is zoned C3 – General Commercial. Plans exist for a future 4,000 sq.ft industrial warehouse / storage building. To accommodate potential future development, the lot already features a full array of underground utilities and new sidewalks. Offering Memorandum attached.
Year Built DescriptionResale
How to ReachPortfolio located one block south of the intersection of US-1 and State Road 70 – one of the major arteries leading to downtown Ft. Pierce from I-95 and Florida’s TPK. Tuff Shed property consists of two adjoining parcels that front S. US HWY 1.
Parking DescriptionCommon, Electric Vehicle Charging Station (s), Guest
Property parameters
Living Area7050
Lot Size7050
Total Acreage0.000
Zoning InformationGENERAL
Maximum Leasable Size7050
Year Built1949
Type of PropertyMixed Use
Type of BusinessResidential-Multi-Family, Retail Space
StyleMixed Use
Street DirectionSouth
Listed withBHHS EWM Realty