621 Us Highway 1 Fort Pierce, FL 34950
- Retail properties
- 11,661 SF
- 1.00 lot acres
Current Use by Public Records
- TWE International Beauty Salon / Beauty Salon
- A TBT INSURANCE AGENCY, LLC / Insurance Agency
- THE REAL BROWN SUGAR CREATIONS / Custom T-Shirt Store
Property Details for 621 Us Highway 1
- Year built
- 1960
- Lot size
- 1.00 lot acres
- Property size
- 11,661 SF
- Property type
- Retail properties
- Property subtype
- Industrial properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3263
- Latitude
- 27.4409
