Interior
- Bathrooms
- 0
Active · Retail
$1,699,000
2402 S US HWY 1, Fort Pierce, FL 34982
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1949
- Lot size
- 22,200 sq ft
- HOA fee
- —
- Annual tax
- $4,733
About this property
Net lease retail investment opportunity along S. US Hwy 1 in the heart of Fort Pierce. In-place cash flow generated by a multi-year lease with national retail brand Tuff Shed. Prime corner location – 125’ of frontage along S. US Hwy 1 - optimal exposure with more than 35,000 vehicles per day. Surrounded by other national retailers including Dunkin’, Starbucks, Dutch Brothers Coffee, WaWa, Publix, Jersey Mike’s, CVS, and Chase Bank. Zoning is C3 General Commercial providing ample opportunity for future development or repositioning. This property may also be purchased as part of a multi-parcel commercial portfolio or as a standalone property. Contact Listing Agent for Offering Memorandum & more details.
Property location
Get Directions2402 S US HWY 1, Fort Pierce, FL 34982
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Facts & features
Exterior & Structure
- Property type
- Retail
- Year built
- 1949
- Lot size
- 22,200 sq ft
- Construction
- Block
Parking
- Covered spaces
- 0
- Parking features
- Common, Guest
HOA, Community & Financials
- Annual tax
- $4,733
- County
- St Lucie
- Days on market
- 269
- MLS listing ID
- A11868937
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$1,029
- Cap rate
- 5.0%
- Net yield
- 5.0%
- Cash-on-cash return
- -2.6%
- Gross yield
- 6.6%
- Mortgage payment
- $8,054/mo
- Down payment
- $424,750
- Loan amount
- $1,274,250
- Annual NOI
- $84,300
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.