2838 Us Highway 1 Fort Pierce, FL 34982
This exceptional commercial property, located at 2838 S US Hwy 1 in Fort Pierce, Florida, presents a compelling investment opportunity. The 3,003 square foot building, constructed in 1983, previously operated as a restaurant. Situated on a prominent site along the busy US Highway 1 in St. Lucie County (zip code 34982), this location boasts high visibility and significant daily traffic exceeding 30,000 vehicles. The property offers flexibility for prospective buyers. The existing structure, while showing its age, retains character and could be renovated to suit a variety of restaurant or retail concepts. Alternatively, the building could be demolished to accommodate a new construction project, maximizing the potential of this prime location. The asking price is $630,000. This is a rare chance to acquire a high-traffic commercial property with significant redevelopment potential in a thriving Florida market. The lot size is not specified.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.