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642 & 646 Eldorado Street, Fort Pierce FL 34949

Commercial For Sale
$2,400,000

BTC: 38.15580286

ETH: 1,419.27853341

30 days
0 room(s)

Overview

Rare opportunity to acquire two adjacent fourplex buildings totaling 8 large 2BR/1.5BA units in one of Fort Pierce's fastest-growing coastal submarkets. Located near the Intracoastal, beaches, Jetty Park, marinas, restaurants, and downtown entertainment, this fully occupied multifamily portfolio offers immediate cash flow with approximately $157,800 in current gross annual income. Units average approximately 1,001 SF and feature separate electric meters, impact windows, and recent renovations. Frame and stucco construction with strong rental history and future upside through lease optimization. Positioned near major redevelopment projects including the planned surf park and continued Port of Fort Pierce expansion.

Location

Florida • Fort Pierce • 34949 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1984
Lot:
0.24 Acres
Heating:
Central
Price/sqft:
No Data
Cooling:
Central Air
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,062,500
$369K – $2.3M
Confidence Low
List vs. estimate
$1.3M above estimate
List $2,400,000 · +125.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$43,594
2025
Parking
16 spaces
All facts and features

  • Flooring

    • Tile

    Heating

    • Central

    Cooling

    • Central Air

  • Lot

    • Lot: 0.24 Acres

    Other Property Information

    • Parcel Number: 240150300620003

    • Zoning: HI Medium

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Multi Family

  • Utility

    • Electricity Available

    • Sewer Available

    • Water Available

  • Other financial information

    • Annual tax amount: $43,594

  • Source details

    • MLS ID: B26027271

    Other facts

    • Construction Materials: Frame / Frame With Stucco / Stucco

    • Lot Features: Less Than 1/4 Acre Lot / Less Than 1 Acre

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
34949
294
median $469K
Active
Same city
Fort Pierce
1,171
median $319K
Active
Same type
Commercial
166
median $550K
Active
Similar price
$1.7M – $3.1M
56
median $2.0M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: LPT Realty, LLC