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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

621 Us Highway 1 Fort Pierce, FL 34950

11,661 SF 1 ac lot Built 1960
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Retail properties & Spaces
Year built 1960
Total area 11,661 SF
Lot 1 ac (43,560 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • TWE International Beauty Salon Hair Salon Nail Salon
  • A TBT INSURANCE AGENCY, LLC Insurance Agency
  • THE REAL BROWN SUGAR CREATIONS Custom T-Shirt Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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