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Short-Term Rental Property
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120 Avenue A E Backus Ave, Fort Pierce, FL 34950

Downtown asset entitled for short-term rental use with expansion potential and CRA zoning.

Property SizeContact for details
Days on Market484

Property Features for 120 Avenue A E Backus Ave

General Information

Standard status Active
Property subtype General Commercial

Taxes and HOA fees

Annual Taxes $4,511

Amenities

3
10,947
City Road.

Building Details

Year Built 1901
Stories 1
Listing Agency: Engel & Voelkers Vero Beach
Listed By: Rick Bettencourt · License #SL3531866
Source: Xome
Added: May 5, 2025 Changed: Aug 30 Last Checked: Aug 30 at 1:35PM

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 Engel & Voelkers Vero Beach

Investment Insights

Based on property information with market context.

This downtown Fort Pierce property dates to 1901 and is entitled for three short-term rental units, with the stated potential to expand to six units. Each unit is described at approximately 1,000 square feet. The property is located within a CRA zone, where incentives, grants, and streamlined approvals are identified as available considerations.

The address is positioned across from King’s Landing, the planned Marriott, and a marina expansion. Dining, entertainment, and waterfront amenities are described as accessible on foot, placing the property within the central business district and near several planned or ongoing redevelopment initiatives.

Key Highlights

  • Entitled for 3 short‑term rental units with potential expansion to 6 units
  • Units are approximately ±1,000 SF each
  • Located within a CRA zone with incentives, grants, and streamlined approvals identified

Property Analytics

Current Use

Short term rental ...

Suggested Use

Top Pick Electrical Service Carpet & Flooring Store Veterinary Clinic Storage Facility Butcher Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,137
Businesses Nearby

Demographics for 34950, FL

16,582
Population
8,055
Households
2.1
Avg Household Size
37
Median Age
14%
College-Educated
64%
High-School Grad
5.2 sq mi
ZIP Area
3,189
Density / Sq Mi
$32,707
Median Household Income
$29,214
Median Earnings
$1,121
Median Rent
$175,900
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Short term rental property - Downtown asset entitled for short-term rental use with expansion potential and CRA zoning.
Where is this short term rental property located?
The property is located at 120 Avenue A E Backus Ave Fort Pierce, FL.
What are key features of this property?
This property features: Entitled for 3 short‑term rental units with potential expansion to 6 units; Units are approximately ±1,000 SF each; Located within a CRA zone with incentives, grants, and streamlined approvals identified
More about this property
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