0 Okeechobee Rd & Hartman Rd Fort Pierce, FL 34947
This exceptional 14.17-acre commercial land parcel is strategically located at the intersection of Okeechobee Road and Hartman Road in Fort Pierce, Florida, zip code 34947. Currently zoned GC (General Commercial), the property previously held R-4 zoning, allowing for medium-density residential development (6.5 to 12 units per acre). The zoning change accommodated a proposed apartment project. The asking price is $3,900,000. Significantly, Indian River State College has recently acquired adjacent properties to the west and north, presenting compelling opportunities for future development and zoning adjustments. This prime location benefits from substantial growth in the surrounding area, encompassing residential, commercial, and industrial/distribution sectors. The proximity to the expanding Indian River State College campus enhances the property's long-term value and potential for diverse uses. The future land use designation is RM (Medium Density Residential), offering flexibility for various development scenarios. This presents a unique investment opportunity for developers seeking a strategically located parcel with significant growth potential in a thriving Florida community. The property's location offers excellent visibility and accessibility, making it an attractive proposition for a wide range of commercial ventures.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.