0 Weatherbee Rd Fort Pierce, FL 34982
Exceptional opportunity to acquire a meticulously planned 7-acre vacant land parcel ideally situated on Weatherbee Road in White City, Florida. This property boasts pre-approved plans for the construction of a 74-unit multifamily residential development, presenting a significant advantage for swift project commencement. The parcel's strategic location between US-1 and Oleander Avenue ensures excellent accessibility and visibility. With a zoning designation of RM-11, the property is perfectly suited for multifamily construction. The 7-acre lot (APN 3403-502-0015-000-5) offers developers a substantial canvas to create a thriving residential community. The property's proximity to the vibrant Downtown Fort Pierce and its convenient access to area beaches further enhance its appeal. This is a rare chance to capitalize on the strong demand for residential housing in this desirable location. The approved site plan streamlines the development process, minimizing delays and maximizing return on investment. The asking price for this exceptional development opportunity is $2,600,000. Don't miss this chance to secure a prime piece of real estate in a rapidly growing area.
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.