2200 Del Rio Blvd Port Saint Lucie, FL 34953-1324

Property Details for 2200 Del Rio Blvd

Year built

2021

Construction

BRICK

Lot size

17.09 lot acres

Property size

720 SF

Zone code

I - PSL

Property type

Specialty properties

APN

4302-600-0001-000-8

APU

430260000010008

Description

This exceptional Class A commercial property, Rolling Oaks Cemetery, is offered at $7,900,000 with an impressive 11.28% cap rate and a strong NOI of $890,913. Located on 17.9 acres of waterfront land in Port St. Lucie, Florida (34953), this established cemetery provides a wide range of services including ground burials, mausoleums, cremation services, and pet burials. It boasts a comprehensive service offering catering to diverse needs and faiths, including veteran discounts. Currently operating on 4.6 acres, the remaining 13.3 acres offer significant expansion potential. Plans are already underway for the construction of 85 new crypts in upcoming mausoleums, representing a substantial opportunity for revenue growth. Further expansion possibilities include the addition of an on-site funeral home, enhancing customer experience and generating additional revenue streams. The cemetery benefits from a dedicated and experienced general manager and team, ensuring a smooth transition for the new owner. This thriving business is situated in a rapidly growing community with over 275,000 residents, making it an attractive investment opportunity for both seasoned entrepreneurs and savvy investors seeking substantial cash flow and long-term growth. The property's location and existing infrastructure provide a solid foundation for continued success and expansion. This is a unique opportunity to acquire a well-established, profitable business with significant upside potential in a desirable market.

Location Insight

City

Port Saint Lucie

County

St. Lucie

State

Florida

Longitude

-80.4166

Latitude

27.287

CBSA code

38940

CBSA name

PORT ST. LUCIE-FORT PIERCE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments