LAKEWOOD PARK PLAZA has established upside potential. One way to maximize the upward potential of this fast-growing commercial plaza is to focus on the diverse tenant mix. You can increase foot traffic and keep the demand for any vacant rental space by attracting different demographics and needs. The upside in the past five years has boosted rents, while most tenants remain; they are being brought up to market rent. Fort Pierce has become an economic development area. Turnpike Feeder Road's connection to I95 makes it a central hub and continues fast-growing communities. This plaza sits directly in the heart of the road. Tenants remain and continue to grow their business. Additionally, investing in amenities like green space and seating could enhance community events.
MLS# | R11035346 |
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Listing Type | For Sale |
Style | Retail |
Suite Number | 5180 |
Sub-Type | Resale |
Status | Pending |
Year | 1981 |
Days On Site | 162 |
Listing Provided By | Watson Realty Corp | Paula Zaluski |
Story(s) | 15 |
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Zoning | CommNe |
Acreage | 1.43 |
State | FL |
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County | St Lucie |
City | Fort Pierce |
Zip Code | 34951 |
Area | 7040 |
Subarea | St Lucie County 7030; 7040; 7050 |
Community Name | LAKEWOOD PARK UNIT 12A |
Listing VS Median (In LAKEWOOD PARK UNIT 12A) | |
Price: $2,499,000 low | high Med: $357,500 On site: 162 low | high Med: 39.000000 |