Avenue D Fort Pierce, FL 34947
- Mixed-use properties
- 3.92 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 0 Avenue D
- Lot size
- 3.92 lot acres
- Property type
- Mixed-use properties
- Property subtype
- Land
Description
This exceptional 3.92-acre lot presents a unique investment opportunity in Fort Pierce, Florida. Located in the city's Opportunity Zone, this property is zoned R-4, permitting medium-density residential development. With the potential for 10 units per acre, and up to 12 units per acre with innovative design, this site is perfectly suited for workforce housing. The land is already cleared, significantly reducing development time and costs. Its strategic location offers convenient access to the Indian River and downtown Fort Pierce, while its proximity to the Indian River State College satellite campus adds further appeal. The property's designation within the Opportunity Zone provides significant tax advantages for investors. Detailed information regarding the Opportunity Zone incentives is available through the City of Fort Pierce website. This is a rare chance to acquire a sizable, well-situated parcel in a thriving area, ideal for creating much-needed workforce housing. The asking price for this exceptional property is $825,000. This represents a compelling investment opportunity with strong potential for significant returns. The property's mixed-use zoning offers flexibility for future development, while its current zoning allows for a substantial number of residential units. The cleared lot is ready for immediate development, minimizing delays and maximizing returns on investment.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Fort Pierce
- County
- St. Lucie
- State
- Florida
- Longitude
- -80.3574
- Latitude
- 27.453
