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    OFF-MARKET
    Land

    0 Stanton Ave, Fort Pierce, FL 34981

    2.42 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Land
    Lot 2.42 ac (105,415 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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