1901 Orange Avenue, Fort Pierce, FL 34950
Own a leased retail grocery property with side and rear parking along a major Fort Pierce thoroughfare.
- Added:
- Dec 26, 2024
- Days on Market:
- 536
- Last Refresh:
- Jun 15 at 3:11 am
Property Features for 1901 Orange Avenue
General Information
- Standard status
- Active
- Size
- 1,100 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1951
Listing agent April Newhart License #3292953 (561) 222-5173
Listing office LPT Realty, LLC (561) 222-5173
Listing date Dec 26, 2024
Source Xome
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All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC
HighLights
- Leased specialty grocer retail property along Orange Avenue in Fort Pierce
- Approximately 1,100 sq ft interior space
- Side parking plus additional rear parking spaces
- Brand new metal roof
- Current lease terms include approximately 3 years remaining
- Currently leased with an approximate 8% CAP rate
Overview
The site is positioned along Orange Avenue, one of Fort Pierce’s main thoroughfares, just minutes from Downtown and the Waterway. It is also located near the I-95/Turnpike corridor, which supports convenient regional access.
For buyers seeking an income-producing retail asset, the building is available for purchase with the existing lease in place. The current lease has approximately 3 years remaining and is referenced at an approximate 8% cap rate in the seller’s remarks. The combination of a secured tenant, updated roofing, and on-site parking makes this property a practical option for an operator or investor considering retail ownership along a high-visibility corridor.
Local Financial Insights For Specialty 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 | $23.8k | $21.60 |
| − Vacancy | −$1.9k | −$1.68 |
| EGI | $21.9k | $19.92 |
| − OpEx | −$5.5k | −$4.98 |
| NOI | $16.4k | $14.94 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Ryder Supermarket — 106 s depot dr, fort pierce, fl 34950
- The Friends Produce — 300 N US Hwy 1, Fort Pierce, FL 34950
- Wester unión — 740 Orange Ave, Fort Pierce, FL 34950
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3437043
- Latitude
- 27.4470786
