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Listed by Juste Real Estate LLC
$ 2,499,000
Est. payment /mo
Pending
5180 Turnpike Feeder RD 5180 /1-15 Fort Pierce, FL 34951
15 Baths
9,672 SqFt
UPDATED:
12/13/2024 08:47 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 9,672 sqft
Price per Sqft $258
Subdivision Lakewood Park Unit 12A
MLS Listing ID RX-11035346
Year Built 1981
Annual Tax Amount $14,928
Tax Year 2024
Lot Size 1.430 Acres
Property Description
LAKEWOOD PARK PLAZA has established upside potential. One way to maximize the upward potential of this fast-growing commercial plaza is to focus on the diverse tenant mix. You can increase foot traffic and keep the demand for any vacant rental space by attracting different demographics and needs. The upside in the past five years has boosted rents, while most tenants remain; they are being brought up to market rent. Fort Pierce has become an economic development area. Turnpike Feeder Road's connection to I95 makes it a central hub and continues fast-growing communities. This plaza sits directly in the heart of the road. Tenants remain and continue to grow their business. Additionally, investing in amenities like green space and seating could enhance community events.
Location
State FL
County St. Lucie
Area 7040
Zoning CommNe
Interior
Heating Central Individual
Cooling Central Individual
Flooring Concrete
Fireplaces Type None
Exterior
Community Features None
Utilities Available Septic, Well Water
Roof Type Comp Shingle,Mixed
Present Use None
Building
Story 15.00
Others
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Financing Cash,Other