5180-5186 Turnpike Feeder Rd - Storefront Retail/Office FOR SALE


Fort Pierce, FL 34951
$2,499,000 USD
561-707-5812
5180-5186 Turnpike Feeder Rd, Fort Pierce, FL for Sale
$2,499,000 USD
Storefront Retail/Office - FOR SALE
1/32
null | 4.29% Cap Rate

5180-5186 Turnpike Feeder Rd
Fort Pierce, FL 34951


OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$258 USD /SF

CAP RATE

4.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.43 AC

LAND SF

62,291 SF

ZONING

CN

APN/PARCEL ID

13-01-615-0079-0009

ASK ABOUT THIS PROPERTY

Paula ZaluskiWatson Realty CorporationMore Info
561-707-5812

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Paula ZaluskiWatson Realty CorporationMore Info
561-707-5812

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