About this home
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.
Listing last checked: Listing updated:
Listed by Hannah Alexandria McClure · Total R E Consultants Inc · MLS #B26045049
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Details at a glance
Interior3 property facts
- Heating
- Electric, Wall Furnace
- Cooling
- Ceiling Fan(s), Wall/Window Unit(s)
- Flooring
- Terrazzo, Vinyl
Building4 property facts
- Style
- Mixed Use
- Year built
- 1953
- Parking
- 14
- Roof
- Built-Up, Flat
Land & utilities4 property facts
- Lot size
- 0.23 acres
- Water
- Public
- Sewer
- Public Sewer
- Zoning
- C3
Financial3 property facts
- Annual taxes
- $866
- Assessment year
- 2025
- HOA fee
- $0 (billing period not supplied)
Location
Estimated monthly cost
Explore costs at the $1,645,990 asking price. Adjust the assumptions to your situation.
Known monthly costs$8,395 / monthAdjust
- Principal & interest
- $8,323
- Property tax
- $72
- Insurance
- Not entered
- HOA
- $0
Listing annual taxes: $866. Initial monthly tax is one twelfth of that amount. Listing HOA fee: $0.
Partial estimate: add insurance to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
Price and status timeline
- Ter
$1,645,000 · Oct 6, 2025
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About 117 N 5th Street
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