2485 Us Highway 1Fort Pierce, FL 34946

This exceptional value-add self-storage opportunity in Fort Pierce, Florida, presents a compelling investment prospect. The property boasts 161 units totaling 33,048 gross square feet (26,811 net rentable square feet), situated on a 2.4-acre lot. The diverse unit mix includes traditional, drive-up, and climate-controlled options, along with commercial units and parking spaces. Currently operating at 78.45% occupancy, the property offers significant upside potential through increased occupancy, expansion of relocatable units, new on-site development, and rental rate adjustments. The facility features secure perimeter fencing, gated entry with internet-based access control, and 24/7 camera surveillance. Located on US Highway 1, the property benefits from high traffic counts (22,500+ AADT). The asking price is $2,999,000, representing a current cap rate of 7.25% and a pro-forma cap rate of 8.20%. The property's strong cash flow, combined with the favorable Florida investment climate (no state income tax), makes this a highly attractive investment. The property's address is 2303 & 2485 North US Highway 1, Fort Pierce, FL 34946, with APN 1433-130-0005-000-8 | 1433-130-0005-010-1. The price per unit is $18,627.33 and the price per square foot is $91. This is a gross lease property with multi-tenancy.