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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

940 Us Highway 1 Fort Pierce, FL 34950

4,804 SF Built 1957
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two buildings totaling 5,502 square feet situated on a high-traffic corner of US Highway 1 in Fort Pierce, Florida. The main building, formerly the iconic Jiffy Photo, boasts 3,920 square feet of air-conditioned space and a drive-through, offering significant potential for redevelopment or repurposing. The upper level features six rooms and one bathroom, previously plumbed for two, suggesting possibilities for live/work arrangements. A 2004 roof ensures structural integrity. The second building, a smaller 884-square-foot structure with a 2021 roof, is currently leased month-to-month as a restaurant for $800 per month, providing immediate rental income. Both buildings have independent electric and water meters. This property benefits from its location near the highest-grossing Dollar Store on the Treasure Coast, experiencing over 23,000 cars daily. Demographic data reveals a strong population base within a five-mile radius, boasting an average household income of $69,712. The total square footage under air is 4,804 square feet, as per the tax assessor. This property is zoned for general commercial use, presenting a versatile canvas for various business ventures. The asking price is $725,000. Detailed information is available in the supplemental materials and offering memorandum.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1957
Total area 4,804 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
  • Jiffy Photo Center (Bike/Boat/Book/etc) 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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