Mixed use property in 117 N 5th Street, Fort Pierce, FL for sale with MLS# B26045049
Fully leased Downtown Fort Pierce mixed-use investment opportunity featuring approx. 5,500 SF with 12 total units: 6 ground-floor office suites and 6 second-floor apartments. Residential mix includes 2 one-bedroom/one-bath units and 4 updated studio apartments. 7.1% cap rate at the $1,695,000 asking price. Updated apartment interiors, office income, on-site parking, and strong downtown location near waterfront, marina, dining, arts, and local amenities. Please do not disturb tenants. Royal Poinciana Building offers diversified income from both residential and office tenants. The upstairs residential component includes updated studio and one-bedroom interiors with renovated bathrooms, kitchenettes, tile/plank-style flooring, and utility-inclusive rents. The first-floor office component includes 6 professional office suites with shared restroom and kitchenette amenities. Strong stabilized income with future rent upside through continued rent optimization.
117 N 5th Street, Fort Pierce, FL
- Price:
- $1,695,000.00
- Original List Price:
- $1,695,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Special Sale Conditions:
- Standard
- Listing Category:
- Commercial Sale
- Property Type:
- Mixed Use
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- June 24, 2026 8:47 pm
- Built-Up Area:
- 5,644 Sqft
- Building Area Source:
- Public Records
- Lot Size Acres:
- 0.23
- Security:
- Smoke Detector(s), Security Lights
- Air Conditioning
- Air Conditioning System:
- Ceiling Fan(s), Wall/window Unit(s)
- Heating
- Heating System:
- Electric, Window/wall
- Year Built:
- 1953
- Roof:
- Flat, Built-up
- Number of Buildings:
- 1
- Number of Units Total:
- 12
- Construction Materials:
- Stucco, Brick, CBS
- Flooring:
- Vinyl, Terrazzo
- Number of stories:
- 2
- Structure Type:
- Mixed Use
- Stories:
- 2
- Flood Zone Code:
- X
- Property Condition:
- Updated/remodeled
- Tax Annual Amount:
- $865.94
- Tax Year:
- 2025
- Parking Total Spaces:
- 14
- Parking Features:
- Accessible Parking
- Sewer:
- Public Sewer
- Electric:
- 100 Amp Service, 220 Volts, Separate Meters
- Utilities Available:
- Cable Available, Electricity Available, Water Available
- Water Source:
- Public
- Building Name:
- Royal Poinciana Building
- Senior Community:
- No
- Documents Available:
- Rent Rolls, Contracts, Photos
- Listing Terms Considered by Seller:
- Cash, Conventional, 1031 Exchange
- Buyer Possession:
- Subject To Tenant Rights, Close Of Escrow
- Tax Legal Description:
- AMENDED PLAT OF BLK 2 OF RE-S/D OF RECEIVER`S S/D THAT PART OF LOTS 1 AND 2 AS DESC IN DBK 171-155 AND ALL LOT 3 AMENDED PLAT OF BLK 2 OF RE
- Real Estate Folio Number (Parcel Number):
- 241060700020002
- Zoning:
- C3
- Active on the market since:
- June 24, 2026
- Listing Agreement executed on:
- June 24, 2026
- Listing Status Last Changed On:
- June 24, 2026 8:47 pm
- Photos updated on:
- June 26, 2026 7:14 pm
- Last Modified:
- September 3, 2026 11:15 pm
- Courtesy of:
- Total R E Consultants Inc
- Attribution:
- Not provided
- Street Name:
- 5th
- Street Number:
- 117
- City:
- Fort Pierce
- State:
- Florida
- County:
- St. Lucie
- Latitude:
- N27° 26' 51''
- Longitude:
- W81° 40' 21.8''
- Street Suffix:
- Street
- Street Direction Prefix:
- N
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