Current Use by Public Records
- Lifestyle centers
Property Details for 8545-8599 Hwy
- Lot size
- 4.50 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 42,000 square foot shopping center in Port St. Lucie, Florida, presents a compelling value-add investment opportunity. Located on a 4.5-acre lot at the hard corner of US Highway 1 and Savannah, this property boasts a prime location in a rapidly growing area. The center currently enjoys 100% occupancy with 13 tenants under gross lease agreements, generating a strong net operating income (NOI) of $219,962 and a 3.23% capitalization rate. The asking price is $6,500,000, translating to $154.76 per square foot. The property is zoned for general commercial use, offering flexibility for future development or expansion. With its high occupancy rate, strong NOI, and excellent location in booming Port St. Lucie, this retail center represents a significant opportunity for investors seeking a stable, high-performing asset with considerable upside potential. The property's expansive size and strategic location on a major highway provide exceptional visibility and accessibility. This is a rare opportunity to acquire a well-established retail center in a thriving market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port St. Lucie
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3144
- Latitude
- 27.3126
