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    100 Misty Ln Fort Pierce, FL 34947

    For Sale
    $3,700,000

    144-unit multifamily land, 10 acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This 10.03-acre commercial land parcel in Fort Pierce, Florida (APN 24-17-342-0006-0009), is offered at $3,700,000 fee simple. Zoned for multi-family development, it's fully entitled for 144 units, with all impact fees already paid. Conveniently located on Okeechobee and Virginia Avenues, this site boasts exceptional access to major thoroughfares and is near a shopping mall and grocery store. The strategic location offers easy ingress and egress, high visibility, and proximity to established commercial amenities. This presents a unique opportunity to create a vibrant residential community, capitalizing on the area's growth and providing residents with a desirable lifestyle. The existing entitlements streamline the development process, minimizing delays and maximizing efficiency. The property's size and location, combined with the paid impact fees and multi-family zoning, make it an exceptional investment opportunity in a rapidly growing region. The site's potential for creating a thriving community, blending urban convenience with natural serenity, is undeniable. This is a rare chance to develop a signature residential project in a prime Fort Pierce location. The property is ready for immediate development, offering a significant return on investment for the right developer.

    Property Features for 100 Misty Ln

    General Information

    Property type
    Land
    Lot Size
    436,907 SF

    HighLights

    • 10.03‑acre commercial land parcel in Fort Pierce, FL (APN 24‑17‑342‑0006‑0009), offered at $3,700,000 fee simple.
    • Zoned multi‑family, fully entitled for 144 units with all impact fees paid.
    • Excellent location on Okeechobee and Virginia Avenues, near shopping and major thoroughfares.
    • Ready for immediate development, offering high visibility and easy access.
    • Exceptional investment opportunity in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.361633
    Latitude
    27.427171

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    FAQs

    What type of property is this?
    Land - 144-unit multifamily land, 10 acres
    Where is this land located?
    The property is located at 100 Misty Ln Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $3,700,000.
    What are key features of this property?
    This property features: 10.03-acre commercial land parcel in Fort Pierce, FL (APN 24-17-342-0006-0009), offered at $3,700,000 fee simple.; Zoned multi-family, fully entitled for 144 units with all impact fees paid.; Excellent location on Okeechobee and Virginia Avenues, near shopping and major thoroughfares.
    (305) 801-5871
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    100 Misty Ln Fort Pierce, FL 34947
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    Fort Pierce, FL 34947
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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
    100 Misty Ln Fort Pierce, FL 34947
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