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    604 Midway Rd Fort Pierce, FL 34982

    For Sale
    $6,875,000

    15+ Acres, High-Density Potential, Fort Pierce

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 14.85-acre parcel, encompassing 604, 706, and a to-be-determined portion of West Midway Road in Fort Pierce, Florida, presents a compelling investment opportunity. Zoned R5 & C2, this land offers significant potential for high-density residential development, currently permitting up to 15 units per acre. The property's prime location within the city limits of Fort Pierce, St. Lucie County, ensures convenient access to essential amenities. Situated just west of South Federal Highway (South US Highway-1), residents will enjoy proximity to public transportation, shopping centers, grocery stores, and fitness facilities, enhancing the desirability of any future development. The City of Fort Pierce's "Innovative Residential Development" and/or affordable housing criteria could potentially allow for a substantial increase in the maximum permitted density beyond the current 15 units per acre, further maximizing the return on investment. This strategically located land offers developers a unique chance to capitalize on the rapid growth of St. Lucie County and create a thriving residential community. The asking price for this remarkable property is $6,875,000. Detailed zoning information and development guidelines are readily available upon request. This is a rare opportunity to acquire a substantial land parcel in a high-growth area with significant upside potential.

    Property Features for 604 Midway Rd

    General Information

    Property type
    Land
    Lot Size
    646,866 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Alan S. ... Radiologist Dr. Ronald H. ... Doctor

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3298357
    Latitude
    27.3746641

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    FAQs

    What type of property is this?
    Land - 15+ Acres, High-Density Potential, Fort Pierce
    Where is this land located?
    The property is located at 604 Midway Rd Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $6,875,000.
    Request Owner's contact information
    604 Midway Rd Fort Pierce, FL 34982
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    Fort Pierce, FL 34982
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    604 Midway Rd Fort Pierce, FL 34982
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