3250 St Lucie Blvd Fort Pierce, FL 34946
This exceptional light industrial property, Runway's End Commerce Center, encompasses 50,000 square feet across two tilt-wall concrete buildings constructed in 2007 on a 4.57-acre lot in Fort Pierce, Florida (34946). Each building offers approximately 20,000 square feet of ground floor space, supplemented by roughly 5,000 square feet of mezzanine/second-floor space. Originally designed for multiple tenants, the buildings were built out as single-tenant spaces. The property features a partially fenced and gated site with electronic access, a loading dock, and designated outdoor storage areas. The buildings boast 22-foot clear height ceilings and 14 overhead doors. Impact storefront glass and ample power (600 amp tenant service and 100 amp house service per building) are key features. One 25,000 square foot building is available for immediate occupancy, with the seller considering a short-term leaseback of the other building. The property is zoned for Industrial Light use and is currently occupied by Islamorada Brewery and Distillery's production facility. This presents a unique opportunity for investors seeking a well-maintained, versatile industrial space in a prime Florida location. The asking price is $8,200,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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