100 Misty Ln Fort Pierce, FL 34947
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.