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Lakewood Park Plaza 5180-5186 Turnpike Feeder Rd 9,672 SF 100% Leased Retail Building Fort Pierce, FL 34951 $2,723,038 CAD ($281.54 CAD/SF) 5.36% Cap Rate

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Investment Highlights

  • Price reduced; owner financing possible. Please feel free to reach out to me for more details. Lakewood Park Plaza in Fort Pierce presents a prime 15

Executive Summary

Price reduced; owner financing possible. Please feel free to reach out to me for more details.
Lakewood Park Plaza in Fort Pierce presents a prime 15-unit, three-building property with an outstanding opportunity for a savvy investor. This well-located asset offers owner financing with just 25% down, amortized over 30 years at 7% interest, including principal and interest—making acquisition both attractive and accessible.
While the cap rate may initially appear modest, the property’s strong location, reliable tenants, and consistent area growth provide significant upside. Buyers can continue operating it as-is for steady income or implement value-add strategies such as renovations, upgrades, or cosmetic improvements to unlock additional equity.
With Fort Pierce experiencing increasing demand and ongoing development, this investment offers long-term appreciation potential and the ability to create wealth over time. Lakewood Park Plaza is a solid, income-producing property with favorable financing—making it a smart move for investors looking for growth, stability, and attractive terms.

Property Facts

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Building Size
9,672 SF
Building Class
C
Year Built
1981
Price
$2,723,038 CAD
Price Per SF
$281.54 CAD
Cap Rate
5.36%
NOI
$145,924 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.16
Lot Size
1.43 AC
Zoning
CN - Commercial/Neighborhood
Parking
30 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
190’ on Turnpike Feeder Road

Amenities

  • Pylon Sign
  • Signage
  • Air Conditioning

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • CBD
  • -
  • 1,600 SF
  • -
  • -
  • Doris White Realty
  • -
  • 1,800 SF
  • -
  • -
Tenant Industry SF Occupied Rent/SF Lease End
CBD - 1,600 SF - -
Doris White Realty - 1,800 SF - -

Nearby Major Retailers

PNC Bank
Workout Anytime

Property Taxes

Property Taxes

Parcel Number
13-01-615-0079-0009
Land Assessment
$115,013 CAD
Improvements Assessment
$1,032,761 CAD
Total Assessment
$1,147,775 CAD
  • Listing ID: 33811429

  • Date on Market: 2023-01-23

  • Last Updated:

  • Address: 5180-5186 Turnpike Feeder Rd, Fort Pierce, FL 34951

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