1529 Avenue D

Discover the unbeatable potential of the Treasure Coast market! Nestled in Fort Pierce, FL, the area surrounding the property offers a vibrant mix of attractions for retail investors. Enjoy proximity to the historic downtown district, inviting visitors to explore a variety of charming shops and restaurants. Nearby cultural treasures include the A.E. Backus Museum and Gallery, showcasing the work of renowned local artists. With the stunning Fort Pierce Inlet as a backdrop, the area provides a picturesque setting for retail opportunities. Experience the allure of this thriving coastal community, where the property holds immense promise for retail and street retail ventures.Fully occupied two-story mixed-use investment at 1523-1529 Avenue D in Fort Pierce. The 4,788 SF masonry building offers three ground-floor storefronts leased to local service and restaurant tenants, including a long-time Jackson Hewitt tax office, plus two second-floor apartments. Current gross rent is $85,860 per year with in-place NOI of $69,328 - a 7.71% cap rate at the asking price. Commercial tenants pay their own utilities, and a new six-year lease on Unit 1529 runs through May 2032 with 3% annual increases. Rents are below market, giving a buyer upside on renewal. Ideal for a local investor, or an owner-user who wants a storefront with rental income from the remaining units.