Jeremiah Baron & Co.

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Two-Property Hospitality Opportunity

1921 Avenue D, Fort Pierce, FL, 34950
For Lease, For Sale

Property Highlights

    • 1921 Avenue D is a 38-room, two-story former motel, currently vacant and ready for renovation or conversion.
    • 438 N 20th Street is a single-story building featuring 6 large efficiency units, also currently vacant.
    • Sites are also available for lease; call for pricing.

Property Details

  • Price: $2,295,000
  • Property Type: Hospitality, Mixed Use
  • Availability: Available
  • Transaction Type: For Lease, For Sale
  • Building Size: 8,434 SF
  • Lot Size: 0.46 AC
  • Property Sub Type: Multifamily
  • Sale Type: Owner/User
  • No. Stories: 2
  • Tenancy: Vacant
  • Zoning Description: C-3
  • Units: 44

Property Description

  • Presenting a rare opportunity to acquire two combined hospitality properties in Fort Pierce, FL.
  • Ideal for an owner/user or investor looking to reposition well-located, vacant assets. Both properties are being offered for sale together, with lease options also available (call for lease rate details).
  • 1921 Avenue D is a 38-room, two-story former motel, currently vacant and ready for renovation or conversion.
  • 438 N 20th Street is a single-story building featuring 6 large efficiency units, also currently vacant.
  • Together, the two properties offer scale, flexibility, and immediate availability for a buyer to execute a reposition strategy. Ideal opportunities include extended-stay housing to boutique hospitality or multifamily conversion.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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