0 Stanton Ave, Fort Pierce, FL 34981
This exceptional 2.42-acre commercial land parcel presents a unique investment opportunity in the desirable Fort Pierce, Florida area. Located in St. Lucie County (zip code 34981), this fee-simple property boasts Multi-Family zoning, allowing for significant development potential. The lot is strategically positioned near Indian River State College, Lawnwood Medical Center, and St. Lucie County Administrative Offices, ensuring convenient access to essential services and amenities. Current zoning permits up to 10 units per acre, with potential for up to 12 units per acre through bonus density justification. The property's versatility extends to conditional uses including group living, fraternal organizations, nursing homes, and religious institutions. Essential utilities, including a 12-inch water main and gravity sewer lines, are conveniently located on-site. Further enhancing its appeal, the property has prior approval for 48 townhomes (2006) and benefits from proximity to a major Amazon distribution hub. Priced at $1,200,000, this prime development site offers substantial returns in a thriving real estate market. The property's location is near Stanton Ave. This is a rare opportunity to acquire a well-situated, ready-to-develop parcel in a high-growth 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
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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.