1060 Bayshore BlvdPort St. Lucie, FL 34983

Property Details for 1060 Bayshore Blvd

Year built

1998

Property size (Sq ft)

800 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This 800-square-foot retail condo in Port St. Lucie, Florida, presents a compelling value-add investment opportunity. Located at 1060 SW Bayshore Blvd, this Class B property boasts a 10% cap rate and a pro-forma cap rate of 11.83%. Recently renovated in 2023 with over $100,000 in upgrades, the space features a new AC unit, metallic epoxy flooring, a washer/dryer room with extra storage, a break area, an elegant bathroom, custom cabinetry with crown molding, LED lighting, and a reception desk. A grease trap is included, allowing for potential restaurant conversion. Currently operating as a hair salon with nearly $175,000 in annual gross revenue, the business is also available for sale. The property is situated on Bayshore Blvd, offering excellent visibility and convenient access to Crosstown Pkwy, the Turnpike, and I-95. The plaza includes other established businesses such as Progressive, Boost Mobile, Century 21, and an Italian Market. This single-tenant, NNN-leased property is 100% occupied and offers a strong return on investment for owner-users or investors seeking a stable, high-performing asset in a thriving location. The property's APN is 34-31-500-0001-0008. Built in 1998, this retail space offers a unique blend of established business and significant upside potential.

Location Insight

City

Port St. Lucie

County

St. Lucie

State

Florida

Latitude

27.3068

Longitude

-80.3708

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