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    3361 Us Highway 1 Fort Pierce, FL 34982

    For Sale
    $2,850,000

    Prime US-1 location, multi-tenant warehouse.

    Property size:
    8,960 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 3.84-acre property in Fort Pierce, Florida, presents a compelling redevelopment opportunity. Located directly on US Highway 1, the site boasts 100 feet of frontage and 1,373 feet of depth, offering significant visibility and accessibility. The property includes two buildings totaling 8,960 square feet: a 5,760-square-foot multi-tenant warehouse and a 3,200-square-foot single-tenant warehouse. Both buildings are currently 100% leased, providing immediate cash flow. Built in 1964 and 1981, the structures sit within a fully fenced and gated yard, enhancing security. The property features abundant parking and benefits from high-level security and visibility. Monument signage directly on US-1 provides excellent branding opportunities. The Commercial General (CG) zoning allows for diverse uses, including potential expansion of existing warehouse space or development of additional income streams such as RV, boat, or trailer storage. Utilities include FPUA water, septic, and FPL electric. The 2023 property taxes totaled $14,958.46. The asking price for this exceptional investment is $2,850,000, representing a price per square foot of $318.08. This property offers a unique blend of immediate income and significant value-add potential.

    Property Features for 3361 Us Highway 1

    General Information

    Property type
    Self storage facilities
    Square Feet
    8,960 SF
    Lot Size
    167,270 SF

    Building Details

    Year Built
    1964
    Buildings
    2
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Kenny's Automotive Auto Body Shop A Wreck-A-Mended Paint and Body ... Auto Body Shop The Shop Of Ft. Pierce Radiator Shop St Lucie Outboard ... Boat Dealer Next Level Boat ... Rv Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.326353
    Latitude
    27.3997622

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    FAQs

    What type of property is this?
    Self storage facility - Prime US-1 location, multi-tenant warehouse.
    Where is this self storage facility located?
    The property is located at 3361 Us Highway 1 Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $2,850,000.
    Request Owner's contact information
    3361 Us Highway 1 Fort Pierce, FL 34982
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3361 Us Highway 1 Fort Pierce, FL 34982
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