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0.25 Acres Lot
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Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10525969
Year Built 1901
Annual Tax Amount $4,511
Tax Year 2024
Lot Size 0.251 Acres
Property Sub-Type Commercial
Property Description
Rare investor opportunity in downtown Fort Pierce. Directly across from King's Landing ($100M+ mixed-use project), the planned Marriott, and marina expansion, this property is entitled for 3 STR units with potential to expand to 6 units (±1,000 SF each).Investor Highlights: Projected STR gross revenue: $225K–$350K annually. Potential stabilized cap rate: 7–8%. CRA zone with incentives, grants, and streamlined approvals. Excellent walk score to dining, entertainment, and waterfront amenities. Across from major redevelopment, appreciating property values and overall CBD gentrification. Seller financing may be considered for qualified buyers, creating a competitive advantage in today's high-interest-rate environment and enhance acquisition feasibility/ project structuring. Highest bid pricing
Location
State FL
County St. Lucie County
Area St Lucie County 7060; 7070; 7080; 7090
Zoning EDGARTOWN
Exterior
Roof Type Metal Roof
Building
Story 1.0000
Foundation Frame Construction
Sewer Public Sanitation
Water Public Water
Others
Acceptable Financing Cash, Other Terms, Owner Financing
Listing Terms Cash, Other Terms, Owner Financing
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Listed by Engel & Voelkers Vero Beach
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