Port St. Lucie, FL 34987
This exceptional commercial land offering presents a unique investment opportunity in the thriving Tradition community of Port St. Lucie, Florida. Located in St. Lucie County, zip code 34987, this property boasts multiple acreage options ranging from 1 to 6 acres, with pricing varying accordingly. One to two-acre parcels are available, zoned MPUD, allowing for the development of a significant assisted living facility, potentially accommodating over 150 units, encompassing assisted living, memory care, and independent living options. The site's strategic location offers unparalleled access to essential amenities, including nearby medical facilities, retail centers, and entertainment venues, catering perfectly to the needs of a senior-focused development. This location benefits from the proximity to the Cleveland Clinic and other major medical centers, ensuring convenient access to healthcare services. Furthermore, the property is situated within a rapidly expanding residential area, with approximately 40,000 planned and existing residential units in the immediate vicinity, creating a robust and readily available resident base. The high average household income exceeding $105,000 within a one-mile radius underscores the strong purchasing power and market demand in the area. Additionally, the zoning permits up to approximately 45,000 square feet of medical, office, or retail space, providing flexibility for diverse development plans. The property's potential is further enhanced by the significant residential growth within Tradition, with 3,152 homes developed between 2020 and 2021. This presents a compelling opportunity for developers seeking a prime location for a senior living facility or other commercial ventures in a high-growth market. Specific pricing details are available upon request, with options ranging from $1,100,000 to $6,000,000 depending on the selected acreage.
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.
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.