24
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$2,500,000
Est. payment /mo
9,060 SqFt
New
3901 Orange Ave Fort Pierce, FL 34947
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 9,060 sqft
Price per Sqft $275
MLS Listing ID A12049784
HOA Y/N No
Year Built 2008
Annual Tax Amount $30,296
Lot Size 1.570 Acres
Property Sub-Type Retail
Property Description
Mixed-use investment on 1.45 AC CG-zoned parcel at I-95 Exit 131 in Fort Pierce. 9,060 SF total: 24-hour multi-bay car wash (vacant, equipment in place) plus 5-bay retail strip. Four bays leased (coin laundry thru 8/2027 w/4% annual increases, church in two bays thru 8/2028 w/5% increases, salon MTM) generating $105,264/yr current income. Vacant second-generation restaurant bay includes full commercial kitchen with hood, range, fryers and refrigeration. Approx. 17,500 vehicles/day on Orange Ave frontage plus 72,400 vehicles/day I-95 exposure (FDOT 2023). Projected pro forma NOI approx. $152,876/yr after 5% vacancy and 2% reserves at owner-provided rents, a projected 6.1% cap at list.
Strong fit for owner-operator (retail rent offsets carry), value-add investor (lease-up plus approx. 28% mark-to-market on occupied bays), or long-term hold with redevelopment optionality. CG zoning allows automotive, retail, office, restaurant, hotel. Seller financing available.
Strong fit for owner-operator (retail rent offsets carry), value-add investor (lease-up plus approx. 28% mark-to-market on occupied bays), or long-term hold with redevelopment optionality. CG zoning allows automotive, retail, office, restaurant, hotel. Seller financing available.
Location
State FL
County St Lucie
Area 7010
Exterior
Private Pool Yes
Others
Tax ID 2408-322-0001-000-4
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12049784
Listed by Fausto Commercial Realty Consultants Inc
NEARBY SCHOOL & BUSINESS
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