8545-8599 Us Highway 1 Port St. Lucie, FL 34952
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Port St. Lucie Retail Center - High Occupancy
Property size:
42,000 SFProperty Features for 8545-8599 Us Highway 1
General Information
- Property type
- Lifestyle centers
- Square Feet
- 42,000 SF
- Lot Size
- 196,020 SF
Building Details
- Units
- 13
Listing Agency: Illustrated Properties Jupiter Listing Agent: Andrew Russo
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 42,000 square foot shopping center in Port St. Lucie, Florida, presents a compelling value-add investment opportunity. Located on a 4.5-acre lot at the hard corner of US Highway 1 and Savannah, this property boasts a prime location in a rapidly growing area. The center currently enjoys 100% occupancy with 13 tenants under gross lease agreements, generating a strong net operating income (NOI) of $219,962 and a 3.23% capitalization rate. The asking price is $6,500,000, translating to $154.76 per square foot. The property is zoned for general commercial use, offering flexibility for future development or expansion. With its high occupancy rate, strong NOI, and excellent location in booming Port St. Lucie, this retail center represents a significant opportunity for investors seeking a stable, high-performing asset with considerable upside potential. The property's expansive size and strategic location on a major highway provide exceptional visibility and accessibility. This is a rare opportunity to acquire a well-established retail center in a thriving market.
Property Profile
Location Intelligence
Current Use by Public Records
Lifestyle centers
Location Insight
- Map
- Local Demand
- City
- Port St. Lucie
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3143889
- Latitude
- 27.3125572
Nearby Similar for Sale
FAQs
What type of property is this?
Lifestyle center - Port St. Lucie Retail Center - High Occupancy
Where is this lifestyle center located?
The property is located at 8545-8599 Us Highway 1 Port St. Lucie, FL.
What is the asking price?
The asking price for this property is $6,500,000.
What are key features of this property?
This property features: High-visibility retail/restaurant property totaling over 42,000 square feet on a 4.5-acre parcel in Port St. Lucie.; Prime location on US Highway at a hard corner intersection in a high-growth area.; Significant upside potential due to strong location and expansive space.