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    OFF-MARKET
    Land

    5401 Midway Rd, Fort Pierce, FL 34981

    1.9 ac lot
    Property ID
    Property summary
    AI-generated overview

    This 1.9-acre vacant commercial land parcel is strategically located at the corner of Midway Road and Milner Drive (Jenkins Road) in Fort Pierce, Florida, offering exceptional visibility and accessibility. The property boasts a General Commercial zoning designation, allowing for a wide range of development opportunities. Its prime location is further enhanced by its proximity to I-95, with easy access via the Midway Road exit. A planned traffic light at this intersection will significantly improve traffic flow and visibility. Midway Road is rapidly becoming a major east-west corridor connecting I-95 and US Highway 1, making this site highly desirable for businesses seeking high traffic volume. Future development plans in the area include a new Florida Turnpike interchange just west of the property, further increasing its value and potential. The site is ideal for various commercial uses, including hotels (with adjacent land potentially available for expansion up to 5 acres), major oil companies, and other commercial ventures. The area is experiencing significant growth, with recent developments including a large Amazon distribution facility and the planned construction of a major Wavegarden Surf Park, a large residential community, and retail space. City water and sewer are available, simplifying development. St. Lucie County's plans to extend Jenkins Road to St. Lucie Boulevard will provide direct access to St. Lucie International Airport, further enhancing the property's strategic location and long-term value. The asking price for this exceptional opportunity is $1,500,000. This property presents a rare chance to capitalize on the explosive growth and development occurring in this dynamic area of Florida.

    Property profile
    Verified
    Property type Land
    Lot 1.9 ac (82,764 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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