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Versatile Commercial Space on US1

621 S US Hwy 1, Fort Pierce, FL 34950

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For Sale

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High-traffic location with income potential and flexible commercial space.

Type:Industrial, Retail

Property size:

11,661 SF

Lot size:

0.27 Acres

Price / SF:

$168/SF

HighLights

High‑traffic location with versatile access via 3 bay doors (2 from US1, 1 from Florida Ave).
10,000 sqft available, suitable for owner‑users or investors.
Income‑generating: 2 front units currently rented at $1,000 each.
Fully renovated modern office space/showroom with brand new A/C.
Ideal for businesses looking to expand.
Built in 1960.

We can help!

Listing Contact

Jorge Tovar

Learn more

For Sale

Contact for pricing

High-traffic location with income potential and flexible commercial space.

Type:Industrial, Retail

Property size:

11,661 SF

Lot size:

0.27 Acres

Price / SF:

$168/SF

Added:: Oct 8, 2024
Days on Market:: 613
Last Refresh:: May 12 at 10:06 pm

Property Features for 621 S US Hwy 1

General Information

Standard status: Active
Size: 11,661 SF
Lot size: 0.27 Acres
Property subtype: Industrial, Retail

Building Details

Year Built: 1960

We can help!

Listing Contact

Jorge Tovar

Listing agent Jorge Tovar License #FL

Listing office RT Commercial

Listing date Oct 8, 2024

Source Crexi

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 RT Commercial

HighLights

High‑traffic location with versatile access via 3 bay doors (2 from US1, 1 from Florida Ave).
10,000 sqft available, suitable for owner‑users or investors.
Income‑generating: 2 front units currently rented at $1,000 each.
Fully renovated modern office space/showroom with brand new A/C.
Ideal for businesses looking to expand.
Built in 1960.

Overview

This commercial property offers a versatile space suitable for owner-users or investors. The available area spans 10,000 square feet, presenting an opportunity for business expansion or investment. The property includes two front units that are currently rented, each generating $1,000 in income. It features a renovated office space or showroom equipped with new air conditioning. Access is facilitated by three bay doors, with two accessible from US1 and one from Florida Avenue. The property is located in a high-traffic area, offering flexibility and income potential.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$279.9k	$24.00
− Vacancy	−$28.0k	−$2.40
EGI	$251.9k	$21.60
− OpEx	−$94.5k	−$8.10
NOI	$157.4k	$13.50

11,661 SF · lease $24.00/SF/yr · vacancy 10.00% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$2.25M

$1.97M – $2.62M (±1% cap)

NOI $157,424 @ 7.0% cap · market cap 8.03%

Second Best

Office B

$2.10M

$1.84M – $2.46M (±1% cap)

NOI $147,348 @ 7.0% cap · market cap 7.52%

Theoretical Best

Office A

$2.93M

$2.57M – $3.42M (±1% cap)

NOI $205,280 @ 7.0% cap · market cap 10.47%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

TWE International Beauty ... Hair Salon A TBT INSURANCE AGENCY, ... Insurance Agency THE REAL BROWN SUGAR ... Custom T-Shirt Store

Suggested Use

Location Insight

Map
Local Demand

City: Fort Pierce
County: St. Lucie
State: Florida
Longitude: -80.325983
Latitude: 27.442413

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For sale
Mixed-use properties
FL
Fort Pierce
34950
621 S US Hwy 1

What type of property is this?

Mixed-use property - High-traffic location with income potential and flexible commercial space.

Where is this mixed-use property located?

The property is located at 621 S US Hwy 1 Fort Pierce, FL.

What is the asking price?

The asking price for this property is $1,960,000.

What are key features of this property?

This property features: High‑traffic location with versatile access via 3 bay doors (2 from US1, 1 from Florida Ave).; 10,000 sqft available, suitable for owner‑users or investors.; Income‑generating: 2 front units currently rented at $1,000 each.