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3000 Okeechobee Rd Fort Pierce, FL 34947

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Prime Multifamily Investment: Approved Site Plan

Property Features for 3000 Okeechobee Rd

General Information

Property type
Multifamily properties
Class
A
Lot Size
299,257 SF

Building Details

Units
112

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Listing Contact
Erdem Altinok
Erdem Altinok

Listing Agent: Erdem Altinok

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a fully approved site plan for the construction of a 112-unit apartment complex in Fort Pierce, Florida. Located on a 6.87-acre lot with 516 feet of frontage on Okeechobee Road, this Class A multifamily property offers a compelling 6.00% cap rate and is priced at $2,500,000 ($22,321.43 per unit). The property boasts a fee simple ownership structure and is suitable for a 1031 exchange. Its strategic location provides easy access to major transportation arteries, including I-95 and the Turnpike, situated just 3 miles away. Furthermore, the property enjoys proximity to St. Lucie County's research park, city, county, and federal government buildings (less than 2 miles), the beautiful marinas of the Indian River Lagoon (2.5 miles), vibrant downtown Fort Pierce, and the beaches of Hutchinson Island (4 miles). The permitted zoning allows for both multifamily and commercial uses, presenting significant potential for future development and expansion. This stabilized investment is ideal for builders and investors seeking a high-return opportunity in a rapidly growing market. The property's location within a thriving area experiencing significant population growth makes it an attractive proposition for long-term investment and rental income generation. The APN is 241750400200016.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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
-80.3556091
Latitude
27.4343122

FAQs

What type of property is this?
Multifamily property - Prime Multifamily Investment: Approved Site Plan
Where is this multifamily property located?
The property is located at 3000 Okeechobee Rd Fort Pierce, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approved site plan for a 112-unit apartment complex in Fort Pierce, FL.; 6.87-acre lot with 516 feet of frontage on Okeechobee Road; $2,500,000 price ($22,321.43 per unit), 6.00% cap rate.; Fee simple ownership, suitable for 1031 exchange.
(561) 324-4439 Call to check price and availability
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