3450 Us Highway 1 Fort Pierce, FL 34982
This 3.57-acre parcel in Fort Pierce, Florida, presents a significant investment opportunity. Located at 3450 S US Hwy 1, the property boasts exceptional visibility and high traffic counts averaging 33,000 vehicles daily on US Highway 1. The land is zoned for both commercial and residential uses, offering considerable flexibility for development. Potential uses include multifamily housing, warehousing, or office spaces. Residential rezoning could allow for up to 18 units per acre, aligning with the area's growing housing demand. The property's location benefits from nearby infill development by established builders, indicating a strong and growing market. The APN is 2427-801-0028-000-8, and the ownership is fee simple. This prime location and versatile zoning make this a compelling investment for developers seeking to capitalize on Fort Pierce's burgeoning real estate market. The asking price is $1,800,000. Serious inquiries are encouraged to explore the full potential of this exceptional property. The property is located in St. Lucie County, Florida, zip code 34982.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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