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    2400 Leithgow St Port St. Lucie, FL 34952

    For Sale
    $2,500,000

    9.58 Acres, Multifamily Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 9.58-acre vacant land parcel in Port St. Lucie, Florida, presents a lucrative development opportunity. Currently zoned RS-3 (County), it allows for the construction of approximately 46 single-family homes or 93 townhomes, based on existing plans. However, significant potential exists for multifamily development; rezoning to city zoning could yield up to 105 multifamily units (11 units per acre). An engineering report confirms minimal wetlands (0.2 acres) and that a pond on the property is solely from rainwater accumulation. Comprehensive documentation is available, including environmental studies, surveys (topographic, bathymetric, wetland delineation), preliminary site plans, and a cut-fill estimate. The property's prime location, less than a mile from the US-1 retail corridor (near Port St Lucie Blvd/SE Mariposa Ave and SE Leithgow Street), offers easy access to amenities such as Walmart, Sam's Club, and various restaurants. Proximity to Mariposa Elementary School and recreational areas like Jensen Beach Golf Club and Savannas Preserve State Park further enhances its appeal. The two parcels (APN: 3414-501-6201-000-9; 3414-501-6201-020-5) are offered at $2,500,000. This represents a compelling investment in a rapidly growing Florida market with high housing demand. The seller is motivated.

    Property Features for 2400 Leithgow St

    General Information

    Property type
    Multifamily properties
    Lot Size
    417,305 SF

    HighLights

    • $2,500,000 asking price for 9.58 acres of land.
    • RS‑3 (County) zoning, suitable for residential development.
    • Potential for 46 single‑family homes or 93 townhomes, or up to 105 multifamily units with rezoning.
    • Located in Port St. Lucie, FL, near US‑1 and various amenities.
    • Broker co‑op available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Port St. Lucie
    County
    St Lucie
    State
    Florida
    Longitude
    -80.2776689
    Latitude
    27.2696026

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    FAQs

    What type of property is this?
    Multifamily property - 9.58 Acres, Multifamily Potential
    Where is this multifamily property located?
    The property is located at 2400 Leithgow St Port St. Lucie, 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: $2,500,000 asking price for 9.58 acres of land.; RS-3 (County) zoning, suitable for residential development.; Potential for 46 single-family homes or 93 townhomes, or up to 105 multifamily units with rezoning.
    (305) 484-4666
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    2400 Leithgow St Port St. Lucie, FL 34952
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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
    2400 Leithgow St Port St. Lucie, FL 34952
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