927 N Us Highway 1, Fort Pierce, FL 34950 — MLS photo

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927 N Us Highway 1, Fort Pierce, FL 34950

Active · MixedUse

$3,400,000

927 N Us Highway 1, Fort Pierce, FL 34950

Beds
—
Baths
0
Living area
— sq ft
$ / sq ft
—
Year built
1980
Lot size
33,977 sq ft
HOA fee
—
Annual tax
—

About this property

Rare waterfront commercial opportunity with multiple income streams and endless growth potential! This turnkey mixed-use property features a successful bait shop generating $40K+ monthly during peak season, plus a leased food truck, U-Haul contract, water delivery business, pontoon boat, storage containers, and rental parking income. Zoned C-3 Commercial, allowing for retail, restaurant, entertainment, marina, tourism, and mixed-use concepts. The 3,823 SF building sits on 0.7685 acres and includes 3-phase electric, two wells, generator, grease traps, public restrooms, security system, and living quarters. Prime highway frontage near the water offers exceptional visibility and traffic. Expansion potential includes outdoor seating, additional parking, and up to 3-story development. Incredible opportunity to own a fully operational waterfront commercial property with multiple established income streams and significant future upside. Property includes a thriving bait shop with inventory, vendor relationships, drive-through service window, indoor bait tanks, and outdoor replenishment tanks. Additional assets include a leased food truck generating monthly income, pontoon boat, water delivery business with tank truck and trailer, U-Haul contract, storage containers, and rental parking spaces. Flexible C-3 zoning allows for retail, restaurant, marina, tourism, entertainment, mixed-use, and redevelopment opportunities. Features include 3-phase electric, two wells, generator, grease traps, public restrooms, security cameras, living quarters, and fully equipped kitchen. New metal roof currently being installed. Prime waterfront highway location offers exceptional visibility, accessibility, and strong traffic flow from both locals and tourists. Excellent opportunity for investors, owner-operators, or developers seeking immediate cash flow and long-term growth potential.

Property location

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927 N Us Highway 1, Fort Pierce, FL 34950

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MixedUse
Year built
1980
Lot size
33,977 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
St Lucie
MLS listing ID
B26033601
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$6,654

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$16,118/mo
Down payment
$850,000
Loan amount
$2,550,000
Annual NOI
$113,560

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.