Lakewood Park Plaza, located in Fort Pierce, is a prime 15-unit, three-building property with a unique investment opportunity. Although investing in a property with a lower cap rate can initially appear less attractive, several upsides make it a worthwhile consideration for future investments. There is potential for future appreciation as the area develops and demand increases. Investors may keep it running as is. Or implement value-adding strategies, such as renovations, necessities, or cosmetics. By recognizing the long-term growth potential and the opportunity to create equity, buyers can turn a low-cap rate property into a lucrative investment for the future.
With an exceptional location and steady demand for the area's commercial growth, the tenants are reliable. They also add future value to this long-term investment strategy.
Respectfully, Paula Zaluski - Realtor