940 Us Highway 1 Fort Pierce, FL 34950

Property Details for 940 Us Highway 1

Year built

1957

Property size

4,804 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.