10230-10368 S US Highway 1 - Freestanding FOR SALE


Port Saint Lucie, FL 34952
$21,500,000 USD
772-291-8443
10230-10368 S US Highway 1, Port Saint Lucie, FL for Sale
$21,500,000 USD
Freestanding - FOR SALE
1/14
null | 7.06% Cap Rate

10230-10368 S US Highway 1
Port Saint Lucie, FL 34952


HIGHLIGHTS

  • Prime location with diverse tenant mix
  • $2 million invested towards site improvements
  • Additional parcel available for possible further expansion

OVERVIEW

Baron Shoppes Shopping Plaza offers investors a rare opportunity to acquire a fully leased property in the heart of Port St. Lucie. With a diverse tenant mix, recent renovations, and development potential, this property is poised for continued success and growth. PRIME LOCATION Baron Shoppes Shopping Plaza enjoys an advantageous location along US Highway 1, a prominent route with high visibility and substantial traffic. This prime location positions the plaza as a focal point for local residents and passing travelers. DIVERSE TENANT MIX The plaza is currently home to a range of tenants, including Aaron's, Dollar Tree, and Club Pure preschool, as well as the newly opened Crunch Fitness. These established businesses ensure a steady stream of foot traffic and contribute to the plaza's stability. Additionally, Remy’s Diner, a highly anticipated eatery offering classic comfort food in a welcoming atmosphere, will be opening soon. Along with Collaborative Behavior Group's expansion by 2,400 sq. ft., these additions further enhance the plaza's attractiveness and reinforce its position as a premier destination for retail and services in Port St. Lucie. RENOVATION INVESTMENT A standout feature of Baron Shoppes Shopping Plaza is its commitment to continual improvement. With a $2 million investment in renovations, the plaza has undergone a remarkable transformation, enhancing its aesthetics, functionality, and overall appeal. Recent upgrades include the installation of new HVAC units, a modernized façade, and a refreshed monument sign. EXPANSION POTENTIAL The plaza further boasts a 15,592 square-foot developable outparcel. This presents a valuable opportunity for expansion, additional rental income, or even the introduction of complementary businesses to further diversify the property.

FOR SALE DETAILS

PRICE

$21,500,000 USD

PRICE/SF

$188 USD /SF

CAP RATE

7.06%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Baron Shoppes At Port St Lucie

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

865

LAND DETAILS

CROSS STREETS

SEC S US Hwy 1 & Jennings Rd

LAND ACRES

15.32 AC

LAND SF

667,339 SF

ZONING

GENERAL CO

APN/PARCEL ID

44-12-504-0005-0009

ASK ABOUT THIS PROPERTY

Conor MackinJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-291-8443

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Conor MackinJeremiah Baron & Co Commercial Real Estate, LLCMore Info
772-291-8443

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.