Commercial Land with Existing
13490 Orange Ave Fort Pierce, FL 34945
For Sale
Contact for pricing
Pending
1.15 acres with restaurant, suitable for various commercial uses.
Property Size2,836 SF
Lot Size1.15 Acres
Days on Market818
Property Features for 13490 Orange Ave
General Information
- Standard status
- Pending
- Size
- 2,836 SF
- Lot size
- 1.15 Acres
- Property subtype
- Retail, Office, Industrial
Building Details
- Year Built
- 1982
Listing Agency:
Tejeda Real Estate
(305) 898-0176
Listed By:
Claudia Tejeda · License #3197088
Source:
Crexi
Added: Apr 28, 2024
Changed: Jul 10
Last Checked: Jul 23 at 9:31AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
NOI $42,360 @ 7.0% cap · market cap 7.70%
Second Best
Retail
$467.1K
$408.7K – $544.9K
NOI $32,696 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$713.2K
$624.1K – $832.1K
NOI $49,925 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
La Naranja Latin ...
Restaurant
FAQs
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.
