Renovated Retail Condo with Grease
1060 Southwest Bayshore Boulevard Port St Lucie, FL 34983
For Sale
$255,000
Impeccably renovated 800 SF retail condo with new AC and grease trap in place.
Property Size800 SF
Price / SF$318.75
Days on Market819
Property Features for 1060 Southwest Bayshore Boulevard
General Information
- Standard status
- Active
- Size
- 800 SF
Listing Agency:
(407) 913-1199
Listed By:
Marcos Peres · License #sl3300312
(407) 913-1199
Source:
Expcommercial
Added: Apr 26, 2024
Changed: Jul 23
Last Checked: Jul 23 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcos Peres
Investment Insights
Based on property information with market context.
This renovated 800 SF retail condo features a new AC unit, metallic epoxy flooring, and an interior buildout designed for customer service and daily operations. Improvements include a washer and dryer room with extra storage, a break area, a reception desk area, custom cabinetry with crown molding, LED lighting, and one bathroom. The unit also includes a grease trap, providing the infrastructure for an owner who wants to explore restaurant conversion. The sale offers the option to include inventory and equipment with the real estate if desired.
Located directly on Bayshore Boulevard in the St Lucie West submarket of Port St. Lucie, the property is described as being a couple miles from Crosstown Pkwy, Turnpike, and I-95. The retail plaza includes other businesses such as Progressive, Boost Mobile, Century 21, and the Italian Market, among others.
Located directly on Bayshore Boulevard in the St Lucie West submarket of Port St. Lucie, the property is described as being a couple miles from Crosstown Pkwy, Turnpike, and I-95. The retail plaza includes other businesses such as Progressive, Boost Mobile, Century 21, and the Italian Market, among others.
Key Highlights
- Impeccably renovated 800 SF retail condo in the St Lucie West submarket of Port St Lucie, FL
- Over $100,000 in upgrades, including a new AC unit
- Metallic epoxy flooring, custom cabinetry with crown molding, and LED lighting
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.4k | $18.00 |
| − Vacancy | −$1.2k | −$1.53 |
| EGI | $13.2k | $16.47 |
| − OpEx | −$4.0k | −$4.94 |
| NOI | $9.2k | $11.53 |
800 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$131.8K
$115.3K – $153.7K
NOI $9,223 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$201.2K
$176.0K – $234.7K
NOI $14,083 @ 7.0% cap · market cap 5.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hair Xpress Beauty ...
Hair Salon
FAQs
What type of property is this?
Retail space - Impeccably renovated 800 SF retail condo with new AC and grease trap in place.
Where is this retail space located?
The property is located at 1060 Southwest Bayshore Boulevard Port St Lucie, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Impeccably renovated 800 SF retail condo in the St Lucie West submarket of Port St Lucie, FL; Over $100,000 in upgrades, including a new AC unit; Metallic epoxy flooring, custom cabinetry with crown molding, and LED lighting
