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Property profile & analytics
OFF-MARKET
Land

0 Virginia Ave Fort Pierce, FL 34947

5.33 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 5.33-acre commercial land parcel in Fort Pierce, Florida, presents a prime development opportunity. Located on Virginia Avenue, directly across from Indian River State College, this property boasts high visibility and convenient access to major thoroughfares. The site is zoned for medium density, allowing for the construction of up to 64 residential dwellings, catering to the substantial student, faculty, and local residential populations. Its strategic location offers proximity to national retailers, diverse dining options, and essential services, contributing to a strong economic and community appeal. The property's APN is 2417-434-0004-000-7, and the asking price is $1,800,000. This high-demand area shows excellent growth potential, making this a compelling investment for developers seeking to create a thriving residential community. The property's location in St. Lucie County, Florida, zip code 34947, ensures easy access to surrounding amenities and areas. The high traffic volume on Virginia Avenue guarantees significant visibility for any development. This is a rare opportunity to capitalize on the strong demand for housing near a major educational institution and a thriving commercial center. The 5.33-acre lot provides ample space for a substantial multifamily development, promising a significant return on investment. Don't miss this chance to build in a vibrant and growing community.

Property profile
Verified
Property type Land
Lot 5.33 ac (232,175 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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