515 S Indian River Dr

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515 S Indian River Dr

Fort Pierce, FL 34950
Asking Price
$1.75M
Asset Type
Office
Class
Class B

What's Special

515 S Indian River Dr is located in the historic downtown waterfront district of Fort Pierce, Florida. Situated directly across from the Indian River Lagoon, the property offers immediate proximity to the St. Lucie County Courthouse and federal building. The surrounding neighborhood is characterized by a mix of government offices, professional services, local dining, and the City Marina. Access to the site is provided via U.S. Highway 1 and A1A, connecting the location to the broader Treasure Coast region and nearby residential communities. Due to its proximity to the judicial complex, this office asset is well-suited for legal practices, court reporters, and administrative consultants. The waterfront location and walkability to downtown amenities also make it an appropriate site for financial services, real estate firms, or corporate headquarters seeking visibility. Typical tenants include professional service providers who require frequent access to government facilities or businesses looking for a centralized position within the Fort Pierce central business district.

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NOI
$80,000
Cap Rate
4.57%
DSCR
0.77
Underwater
Cash-on-Cash
-4.55%
Monthly Payment
$8,658.045
Annual Cash Flow
$-23,896.542

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