Commercial Building with Left Turn
For Sale
$675,000
1531 Delaware Ave, Fort Pierce, FL 34950
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$141.81
Days on Market94
Property Features for 1531 Delaware Ave
General Information
Standard status
Active
Size
4,760 SF
Lot size
0.71 Acres
Property subtype
Retail
Zoning
C-3
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Building Details
Building Size
4,760 SF
Listing Agency:
SVN - Commercial Partners | Treasure Coast
Listed By:
Sam Zuker
(772) 202-5522
Source:
Svn
Added: Jul 27
Changed: Oct 26
Last Checked: Oct 28 at 6:26AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$54,878
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,560
$1.1M
Cap Rate 7%
$783,971
$784.0K
Cap Rate 9%
$609,756
$609.8K
Market Conditions
NOI Build-Up for 4,760 SF
Gross rent
$85.7K $18.00/SF
− Vacancy
−$7.3K −$1.53/SF
EGI
$78.4K $16.47/SF
− OpEx
−$23.5K −$4.94/SF
NOI
$54.9K $11.53/SF
Area
St. Lucie County, FL
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,097,560
Cap Rate 7%
$783,971
Cap Rate 9%
$609,756
Alternative Uses
Best Use
Retail
$784.0K
$686.0K – $914.6K
NOI $54,878 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,795 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
32k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 41%
Electronics 3%
McDonald's
Dining
17,668 visits/mo
0.1 miles
Family Dollar
Shops & Services
8,055 visits/mo
0.4 miles
Shell
Shops & Services
4,605 visits/mo
0.1 miles
Boost Mobile
Electronics
890 visits/mo
0.3 miles
TD Bank
Shops & Services
477 visits/mo
0.4 miles
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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 $675,000.
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
