Technical
Financial
Distress signals
Property profile

1531 Delaware Ave Fort Pierce, FL 34950

FOR SALE
Retail properties & Spaces
Property ID
US18-6202049
1,692 SF 0.71 ac lot Built 1948
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,760-square-foot vacant storefront in Fort Pierce, Florida, presents a compelling owner-user or investment opportunity. Located at 1531 Delaware Ave, this property sits on a 0.71-acre lot and is zoned CG, offering considerable flexibility. The property comprises two buildings: a concrete structure and a metal building, providing diverse space for various business uses, from retail to light industrial. With a list price of $999,999 ($210.08/sq ft), this property offers significant income potential through leasing or owner-occupancy. Its prime location in Fort Pierce ensures excellent visibility and accessibility, maximizing exposure for any business. The ample lot size allows for expansion or the addition of outdoor amenities. The property's APN is 24-09-432-0003-0009 | Block-6. This is a rare chance to acquire a substantial commercial property in a thriving Florida city. The property's size and zoning provide a wide range of potential uses, making it an attractive investment for both short-term and long-term growth. The combination of a strong location and versatile buildings makes this an ideal opportunity for a business seeking to establish a presence in a dynamic market or for an investor looking for a solid return. The property is currently vacant, allowing for immediate occupancy or customization to suit specific business needs.

Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1948
Construction CONCRETE BLOCKS
Total area 1,692 SF
Lot 0.71 ac (31,050 SF)
Zoning code GENERAL CO
APN 2409-432-0003-000-9
UPID US18-6202049

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Computer & Electronic Repair
  • Tech Support Center (Bike/Boat/Book/etc) Store

Location

1531 Delaware Ave Fort Pierce, FL 34950
Fort Pierce metro Census 380500 PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2018
1 recorded transaction
2018
Price N/A

Zoning & alternative use

GENERAL CO · Fort Pierce, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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