Two Unit warehouse / shop building with ¾ acre secure outdoor storage land! The property is conveniently accessed off of US Highway 1 and offers excellent income potential to an investor or the opportunity for an owner to use part of the property & generate income with the other unit. The concrete block building contains a total of 4,500 SF with each side having its own set of (4) 10X12 Bay doors and separate office space. Outdoor storage area is fenced and gated, filled, and lighted for additional security.
Investors: Tenants are currently on a month to month lease basis but would both like to sign extended lease agreements. Initial rate negotiations put NOI in the range of $7,500 per month / $90,000 per year.
Conveniently located between Fort Pierce and Port Saint Lucie in high growth Saint Lucie County. Highly accessible to population centers of the Treasure Coast and perfect for service providers in this market.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.