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    621 Us Highway 1 Fort Pierce, FL 34950

    For Sale
    $1,490,000

    High-Traffic US1 Location, Multi-Tenant Income

    Property size:
    11,661 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 11,661 square foot commercial property, situated on a one-acre lot at 621 S US Highway 1 in Fort Pierce, Florida, presents a compelling investment opportunity for owner-users or investors. Built in 1960 and extensively renovated in 2023, this property boasts a prime location on US Highway 1, ensuring high visibility and accessibility. The building features three bay doors—two conveniently located on US1 and one accessible from Florida Avenue—providing versatile access for various business needs. Currently configured as a multi-tenant property with two units, each generating $1,000 in monthly rent, this property offers immediate income potential. The property also includes a modern, renovated office space/showroom complete with brand new air conditioning, ideal for showcasing products or conducting administrative operations. Zoned for general commercial use, this property is adaptable to a wide range of businesses. The property's features, combined with its high-traffic location and strong rental income, make it an attractive investment opportunity. The property's APN is 2410-711-0019-000-4. Leases are currently in place with a commencement date of February 8, 2022, and an expiration date of October 16, 2024. This is a value-add investment opportunity with a gross lease type.

    Property Features for 621 Us Highway 1

    General Information

    Property type
    Individual retail properties
    Square Feet
    11,661 SF
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1960/2023
    Buildings
    1

    HighLights

    • 11,661 SF commercial building on a 1‑acre lot at 621 S US Highway 1, Fort Pierce, FL.
    • Prime US Highway 1 location with high visibility and accessibility.
    • Three bay doors (two on US1, one on Florida Ave) offer versatile access.
    • Currently multi‑tenant with two units generating $2,000/month in gross rent (leases expire 10/16/2024).
    • Features a renovated office/showroom with new AC.
    • Zoned for general commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

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

    Suggested Use

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

    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
    -80.3263397
    Latitude
    27.4408779

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    FAQs

    What type of property is this?
    Individual retail property - High-Traffic US1 Location, Multi-Tenant Income
    Where is this individual retail property located?
    The property is located at 621 Us Highway 1 Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $1,490,000.
    What are key features of this property?
    This property features: 11,661 SF commercial building on a 1-acre lot at 621 S US Highway 1, Fort Pierce, FL.; Prime US Highway 1 location with high visibility and accessibility.; Three bay doors (two on US1, one on Florida Ave) offer versatile access.
    Request Owner's contact information
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    Fort Pierce, FL 34950
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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
    621 Us Highway 1 Fort Pierce, FL 34950
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