Commercial Land with Existing Restaurant

13490 Orange Ave, Fort Pierce, FL 34945

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For Sale

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1.15 acres with restaurant, suitable for various commercial uses.

Type:Retail, Office, Industrial

Property size:

2,836 SF

Lot size:

1.15 Acres

Price / SF:

$193/SF

HighLights

1.15 acres of general commercial land suitable for constructing additional buildings.
Existing 1960 sq. ft. restaurant with full kitchen, bar, and large walk‑in freezer.
Ideal location for various businesses, including convenience store, farmers market, gas station, or storage facility.
High demand for a farmers market in the area.
Ongoing residential developments and upcoming Orange Avenue expansion.
Includes an industrial water system.

We can help!

Listing Contact

Claudia Tejeda

For Sale

Contact for pricing

1.15 acres with restaurant, suitable for various commercial uses.

Type:Retail, Office, Industrial

Property size:

2,836 SF

Lot size:

1.15 Acres

Price / SF:

$193/SF

Added:: Apr 28, 2024
Days on Market:: 772
Last Refresh:: May 13 at 8:17 pm

Property Features for 13490 Orange Ave

General Information

Standard status: Active
Size: 2,836 SF
Lot size: 1.15 Acres
Property subtype: Retail, Office, Industrial

Building Details

Year Built: 1982

We can help!

Listing Contact

Claudia Tejeda

Listing agent Claudia Tejeda License #3197088

Listing office Tejeda Real Estate

Listing date Apr 28, 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 Tejeda Real Estate

HighLights

1.15 acres of general commercial land suitable for constructing additional buildings.
Existing 1960 sq. ft. restaurant with full kitchen, bar, and large walk‑in freezer.
Ideal location for various businesses, including convenience store, farmers market, gas station, or storage facility.
High demand for a farmers market in the area.
Ongoing residential developments and upcoming Orange Avenue expansion.
Includes an industrial water system.

Overview

This property features 1.15 acres of general commercial land, offering substantial space for constructing additional buildings. The existing 1960 sq. ft. restaurant includes a full kitchen, a bar, and a large walk-in freezer. This restaurant space can be adapted to suit various business needs. The location is suitable for a convenience store, farmers market, gas station, or storage facility. The area has demand for a farmers market, particularly with ongoing residential developments and the upcoming expansion of Orange Avenue. The property also includes an industrial water system.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$61.3k	$21.60
− Vacancy	−$4.8k	−$1.68
EGI	$56.5k	$19.92
− OpEx	−$14.1k	−$4.98
NOI	$42.4k	$14.94

2,836 SF · lease $21.60/SF/yr · vacancy 7.80% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$605.1K

$529.5K – $706.0K (±1% cap)

NOI $42,360 @ 7.0% cap · market cap 7.70%

Second Best

Retail

$467.1K

$408.7K – $544.9K (±1% cap)

NOI $32,696 @ 7.0% cap · market cap 5.94%

Theoretical Best

Office A

$713.2K

$624.1K – $832.1K (±1% cap)

NOI $49,925 @ 7.0% cap · market cap 9.08%

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

Property Profile Location Intelligence

Current Use by Public Records

La Naranja Latin ... Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Fort Pierce
County: St. Lucie
State: Florida
Longitude: -80.4619803
Latitude: 27.4480117

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What type of property is this?

Grocery and convenience store - 1.15 acres with restaurant, suitable for various commercial uses.

Where is this grocery and convenience store located?

The property is located at 13490 Orange Ave Fort Pierce, FL.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: 1.15 acres of general commercial land suitable for constructing additional buildings.; Existing 1960 sq. ft. restaurant with full kitchen, bar, and large walk‑in freezer.; Ideal location for various businesses, including convenience store, farmers market, gas station, or storage facility.