REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
-
Est. payment | /mo
9,060 SqFt
-
Est. payment | /mo
9,060 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,060 sqft
MLS Listing ID A12049784
HOA Y/N No
Year Built 2008
Annual Tax Amount $30,296
Lot Size 1.570 Acres
Acres 1.57
Property Sub-Type Retail
Property Description
Mixed-use investment on 1.45 AC CG-zoned parcel at I-95 Exit 131 in Fort Pierce. 9,060 SF total: 24-hour multi-bay car wash (vacant, equipment in place) plus 5-bay retail strip. Four bays leased (coin laundry thru 8/2027 w/4% annual increases, church in two bays thru 8/2028 w/5% increases, salon MTM) generating $105,264/yr current income. Vacant second-generation restaurant bay includes full commercial kitchen with hood, range, fryers and refrigeration. Approx. 17,500 vehicles/day on Orange Ave frontage plus 72,400 vehicles/day I-95 exposure (FDOT 2023). Projected pro forma NOI approx. $152,876/yr after 5% vacancy and 2% reserves at owner-provided rents, a projected 6.1% cap at list. Strong fit for owner-operator (retail rent offsets carry), value-add investor (lease-up plus approx. 28% mark-to-market on occupied bays), or long-term hold with redevelopment optionality. CG zoning allows automotive, retail, office, restaurant, hotel. Seller financing available.
Location
State FL
County St Lucie
Area 5940 - Other Florida County
Region Fort Pierce
City Region Fort Pierce
Interior
Fireplace No
Building
Dwelling Type Retail
Others
Pets Allowed No
Tax ID 240832200010004
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12049784
Listed by Benjamin Kunzle Fausto Commercial Realty Consultants Inc