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4696 Okeechobee Rd 3,959 SF Retail Building Fort Pierce, FL 34947 $4,562,250 CAD ($1,152.32 CAD/SF) 6.36% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Property available for sale or lease
  • Spacious Lot: 0.76-acre property with ample space for additional amenities like a convenience store or car wash.
  • High Accessibility: Easy entry and exit, with strategic positioning to attract commuters, locals, and visitors.
  • Prime Location: Situated along Okeechobee Road in Fort Pierce, FL, with excellent visibility and high daily traffic.
  • Nearby Retailers: Close to Walmart, Tractor Supply, and other major businesses, ensuring steady customer flow.
  • Turnkey Opportunity: Well-maintained property, ready for immediate use or redevelopment.

EXECUTIVE SUMMARY

Turnkey Opportunity: This property is primed and ready for immediate use as a gas station or redevelopment into another commercial venture. The existing infrastructure, including 8 fuel pumps and a 679 SF building, provides a strong foundation for your business operations. This property comes with a 15 year NNN tenant in place. 2% annual increase with all new gas pumps and build.
High-Visibility Location: Situated along the heavily trafficked Okeechobee Road in Fort Pierce, FL, the property benefits from significant exposure to daily commuters and local residents, ensuring steady customer traffic.
Flexible Commercial Zoning: General Commercial zoning allows for a wide variety of uses, including retail, convenience stores, or food service, making this a versatile investment.
Proximity to Major Retailers: Located near established businesses such as Walmart and Tractor Supply, this property is ideally positioned to capture a consistent customer base.
Growth Potential: Fort Pierce is a growing city with an engaged community, vibrant downtown, and ongoing development, creating a strong market for commercial ventures.
Ample Lot Size: The spacious 0.76-acre lot provides flexibility for additional features, such as expanded parking, a car wash, or new service offerings to maximize revenue.
Built-In Demand: With its strategic location and ready-to-use infrastructure, this property offers immediate potential for strong returns in a thriving market.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Service Station
Building Size
3,959 SF
Building Class
B
Year Built
1991
Price
$4,562,250 CAD
Price Per SF
$1,152.32 CAD
Cap Rate
6.36%
NOI
$290,325 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.74 AC
Zoning
GENERAL CO - Commercial
Parking
4 Spaces (1.01 Spaces per 1,000 SF Leased)
Frontage
130’ on Okeechobee Rd

AMENITIES

  • Bus Line
  • Dedicated Turn Lane
  • Freeway Visibility
  • Pylon Sign
  • Signage
  • Signalized Intersection

NEARBY MAJOR RETAILERS

Academy Bank
SouthState Bank
Golden Corral Buffet & Grill
Applebee's
7 Brew Coffee
Starbucks
PNC Bank
Waffle House

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
24-19-122-0001-0200
Land Assessment
$922,867 CAD
Improvements Assessment
$353,576 CAD
Total Assessment
$1,276,443 CAD
  • Listing ID: 34479085

  • Date on Market: 2025-01-14

  • Last Updated:

  • Address: 4696 Okeechobee Rd, Fort Pierce, FL 34947

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