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7991-8031 S Us-1 Hwy 15,900 SF 90% Leased Retail Building Port Saint Lucie, FL 34952 $2,999,000 ($188.62/SF) 9.22% Cap Rate
INVESTMENT HIGHLIGHTS
- 100% Occupied
- U.S. Hwy 1 Frontage
EXECUTIVE SUMMARY
Exclusive Listing – Mangrove Square
Presented by Coldwell Banker Commercial Paradise
Mangrove Square has been a cornerstone of St. Lucie County since 1982, offering prime commercial space in a high-visibility location along U.S. Federal Highway 1. This well-maintained property sits on 1.50 acres with CBS construction and 75 parking spaces.
Many suites have been recently remodeled with new A/C systems, LED lighting, updated flooring, and fresh paint, enhancing the property’s modern appeal. With a CAP rate exceeding 9%, this is an excellent investment opportunity.
?? Key Features:
? High-traffic location on U.S. Federal Hwy 1
? 1.50-acre property with ample parking
? CBS construction for durability
? Recently updated suites with modern finishes
? Strong investment potential with 9%+ CAP rate
?? Please do not disturb tenants regarding the sale.
For more details, contact Anthony Gambardella 772-201-2450 Coldwell Banker Commercial Paradise today.
Presented by Coldwell Banker Commercial Paradise
Mangrove Square has been a cornerstone of St. Lucie County since 1982, offering prime commercial space in a high-visibility location along U.S. Federal Highway 1. This well-maintained property sits on 1.50 acres with CBS construction and 75 parking spaces.
Many suites have been recently remodeled with new A/C systems, LED lighting, updated flooring, and fresh paint, enhancing the property’s modern appeal. With a CAP rate exceeding 9%, this is an excellent investment opportunity.
?? Key Features:
? High-traffic location on U.S. Federal Hwy 1
? 1.50-acre property with ample parking
? CBS construction for durability
? Recently updated suites with modern finishes
? Strong investment potential with 9%+ CAP rate
?? Please do not disturb tenants regarding the sale.
For more details, contact Anthony Gambardella 772-201-2450 Coldwell Banker Commercial Paradise today.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$361,958
|
$22.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$361,958
|
$22.76
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$85,434
|
$5.37
|
| Net Operating Income |
$276,524
|
$17.39
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $361,958 |
| Annual Per SF | $22.76 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $361,958 |
| Annual Per SF | $22.76 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $85,434 |
| Annual Per SF | $5.37 |
| Net Operating Income | |
|---|---|
| Annual | $276,524 |
| Annual Per SF | $17.39 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
15,900 SF
Building Class
C
Year Built
1982
Price
$2,999,000
Price Per SF
$188.62
Cap Rate
9.22%
NOI
$276,525
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.50 AC
Zoning
CG - Office/ Retail Use
Parking
75 Spaces (4.38 Spaces per 1,000 SF Leased)
Frontage
263’ on S Us-1 Hwy
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 34-14-501-1808-3909 | Improvements Assessment | $1,274,000 |
| Land Assessment | $501,000 | Total Assessment | $1,775,000 |
PROPERTY TAXES
Parcel Number
34-14-501-1808-3909
Land Assessment
$501,000
Improvements Assessment
$1,274,000
Total Assessment
$1,775,000
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7991-8031 S Us-1 Hwy
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