3901 Orange Ave, Fort Pierce, FL 34947
3901 Orange Ave, Fort Pierce, FL 34947
3901 Orange Ave, Fort Pierce, FL 34947
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Milton Knight

Milton Knight

+1(786) 917-3337
$2,500,000
Est. payment /mo
9,060 SqFt
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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.

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

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

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Milton Knight

Milton Knight

+1(786) 917-3337

Principal Real Estate Broker | License ID: 0663675

Principal Real Estate Broker License ID: 0663675

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