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Kris Van Gool

sold@krisvangool.com +1(954) 478-5971

$1,695,000

Est. payment - /mo

5,644 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 5,644 sqft

Price per Sqft $300

MLS Listing ID B26045049

HOA Y/N Yes

Year Built 1953

Annual Tax Amount $865

Tax Year 2025

Lot Size 10,018 Sqft

Acres 0.23

Property Sub-Type Mixed Use

Property Description

Fully leased Downtown Fort Pierce mixed-use investment opportunity featuring approx. 5,500 SF with 12 total units: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments. 7.1% cap rate at the $1,695,000 asking price. Updated apartment interiors, office income, on-site parking, and strong downtown location near waterfront, marina, dining, arts, and local amenities. Please do not disturb tenants. Royal Poinciana Building offers diversified income from both residential and office tenants. The upstairs residential component includes updated studio and one-bedroom interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents. The first-floor office component includes 6 professional office suites with shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization.

Location

State FL

County St Lucie

Area 7070

Direction From US-1, head east on Orange Avenue, turn north on N 5th Street. Property is located on the east side of N 5th Street in Downtown Fort Pierce.

Interior

Heating Electric, Wall Furnace

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Terrazzo, Vinyl

Exterior

Utilities Available Cable Available, Electricity Available, Water Available

Roof Type Built-Up,Flat,Tile

Total Parking Spaces 14

Private Pool Yes

Building

Lot Description <1 Acre, < 1/4 Acre

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Brick,Block,Stucco

Others

Senior Community No

Tax ID 241060700020002

Security Features Security Lights,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/117-N-5th-Street-Fort-Pierce-FL/unbranded

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Miami Association of Realtors (SEFMIAMI MLS)

Listed by Total R E Consultants Inc

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Kris Van Gool

+1(954) 478-5971

Broker | License ID: 3143566

Broker License ID: 3143566

117 N 5th ST Fort Pierce, FL 34950

Kris Van Gool

Key Details

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Interior

Exterior

Building

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117 N 5th ST