Commercial Building with Left Turn
1531 Delaware Ave Fort Pierce, FL 34950
For Sale
Contact for pricing
4,760 SF commercial building on a 0.71-acre lot with left-in/left-out access and C-3 zoning.
Property Size4,760 SF
Lot Size0.71 Acres
Price / SF$147.06
Days on Market8
Property Features for 1531 Delaware Ave
General Information
Standard status
Active
Size
4,760 SF
Lot size
0.71 Acres
Property subtype
RETAIL
Listing Agency:
SVN - Commercial Partners | Treasure Coast
(772) 202-5522
Listed By:
Sam Zuker
Source:
Moodyscre
Added: Jul 23
Changed: Jul 28
Last Checked: Jul 29 at 3:26PM
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 SVN - Commercial Partners | Treasure Coast
Investment Insights
Based on property information with market context.
This for-sale commercial facility totals 4,760 square feet on a 0.71-acre lot, offered under C-3 Commercial General zoning. The site features high-visibility frontage on Delaware Ave with a dedicated left-in, left-out turn entrance, plus secondary rear access via an easement on S 15th Ct. Utility hookups are already in place through the Fort Pierce Utilities Authority (FPUA), including water, sewer, gas, and electric.
The configuration supports an owner-user in trades such as plumbers, electricians, and general contractors, with additional yard space for fleet parking and staging (approximately 0.38 acres of surplus land, per the remarks). The property is also positioned for potential redevelopment into high-density multifamily housing by leveraging Florida Senate Bill 102 (Live Local Act).
The configuration supports an owner-user in trades such as plumbers, electricians, and general contractors, with additional yard space for fleet parking and staging (approximately 0.38 acres of surplus land, per the remarks). The property is also positioned for potential redevelopment into high-density multifamily housing by leveraging Florida Senate Bill 102 (Live Local Act).
Key Highlights
- 4,760 SF commercial facility on a 0.71‑acre lot with high‑visibility frontage on Delaware Ave
- C‑3 Commercial General zoning plus versatile use potential for commercial development
- Dedicated left‑in, left‑out turn entrance on Delaware Ave for vehicle access
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 | $85.7k | $18.00 |
| − Vacancy | −$7.3k | −$1.53 |
| EGI | $78.4k | $16.47 |
| − OpEx | −$23.5k | −$4.94 |
| NOI | $54.9k | $11.53 |
4,760 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 7.84%
Second Best
Self Storage
$762.0K
$666.7K – $889.0K
NOI $53,339 @ 7.0% cap · market cap 7.62%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,795 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - 4,760 SF commercial building on a 0.71-acre lot with left-in/left-out access and C-3 zoning.
Where is this retail space located?
The property is located at 1531 Delaware Ave Fort Pierce, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 4,760 SF commercial facility on a 0.71‑acre lot with high‑visibility frontage on Delaware Ave; C‑3 Commercial General zoning plus versatile use potential for commercial development; Dedicated left‑in, left‑out turn entrance on Delaware Ave for vehicle access
