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    Virginia Ave Fort Pierce, FL 34947

    For Sale
    $1,800,000

    5.33 Acres, 64 Units Possible

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional 5.33-acre commercial land parcel in Fort Pierce, Florida, presents a prime development opportunity. Located on Virginia Avenue, directly across from Indian River State College, this property boasts high visibility and convenient access to major thoroughfares. The site is zoned for medium density, allowing for the construction of up to 64 residential dwellings, catering to the substantial student, faculty, and local residential populations. Its strategic location offers proximity to national retailers, diverse dining options, and essential services, contributing to a strong economic and community appeal. The property's APN is 2417-434-0004-000-7, and the asking price is $1,800,000. This high-demand area shows excellent growth potential, making this a compelling investment for developers seeking to create a thriving residential community. The property's location in St. Lucie County, Florida, zip code 34947, ensures easy access to surrounding amenities and areas. The high traffic volume on Virginia Avenue guarantees significant visibility for any development. This is a rare opportunity to capitalize on the strong demand for housing near a major educational institution and a thriving commercial center. The 5.33-acre lot provides ample space for a substantial multifamily development, promising a significant return on investment. Don't miss this chance to build in a vibrant and growing community.

    Property Features for 0 Virginia Ave

    General Information

    Property type
    Land
    Lot Size
    232,175 SF

    HighLights

    • 5.33‑acre commercial land parcel zoned for 64 residential units.
    • High‑visibility location on Virginia Avenue across from Indian River State College.
    • Excellent proximity to major retailers, restaurants, and services.
    • High‑demand area with strong growth potential in St. Lucie County, FL (34947).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Fort Pierce
    County
    St. Lucie
    State
    Florida
    Longitude
    -80.3578595
    Latitude
    27.425386

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    FAQs

    What type of property is this?
    Land - 5.33 Acres, 64 Units Possible
    Where is this land located?
    The property is located at Virginia Ave Fort Pierce, FL.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: 5.33-acre commercial land parcel zoned for 64 residential units.; High-visibility location on Virginia Avenue across from Indian River State College.; Excellent proximity to major retailers, restaurants, and services.
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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
    Virginia Ave Fort Pierce, FL 34947
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