1556 South Niemeyer Cir Port St. Lucie, FL 34952

This 2,006-square-foot industrial warehouse condo in Port St. Lucie, Florida, presents a compelling investment opportunity. Located at 1556 SE South Niemeyer Cir, 34952, this single-unit Class C property boasts a 20-foot ceiling height and is zoned WI, offering versatile usage options ideal for industrial and flex space needs. Built in 1995, the property features a 14-foot bay door and convenient access to 3-phase power. The asking price is $380,000, translating to $189.43 per square foot. With a pro-forma NOI of $30,090 and a 7.92% pro-forma cap rate, this property offers strong potential returns for owner-users. Its prime location east of US1 near Crosstown Parkway positions it to benefit from the area's growing demand for industrial space. The property's APN is 3435-501-0001-000-0. This is a modified leasehold tenancy.