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Property profile & analytics
OFF-MARKET
Commercial real estate

1109 Midway Rd Fort Pierce, FL 34982

0.61 ac lot
Property ID
US18-4740455
Property summary
AI-generated overview

This exceptional 0.61-acre commercial land parcel in Fort Pierce, Florida, presents a unique investment opportunity. Located at 1109 W Midway Rd, 34982, in St. Lucie County, this property boasts three road frontages and benefits from a signalized intersection, maximizing visibility and accessibility. The site is zoned CN (Commercial Neighborhood) and enjoys excellent traffic counts, with 17,100 vehicles passing daily at the site and 32,000 on nearby US Highway 1 (2020 data). Recent road improvements have enhanced the area's infrastructure. Adding to its appeal is a renovated, habitable 1,172 square foot, two-bedroom, one-bathroom, 1935 frame home on the property, currently available for lease, providing potential rental income. The location is strategically advantageous, being just 3/4 of a mile from US Highway 1 and 4.2 miles from I-95, placing it near the county's geographical center. Furthermore, the property's proximity to a large Amazon fulfillment center (1.1 million square feet, 500 jobs) currently under construction four miles west, promises significant future growth and increased commercial activity. Annual property taxes are $2,995. The property's Parcel ID numbers are 3404-501-.0247-000-0 & 3404-501-0248-000-7. This is a prime location for a variety of commercial ventures. The asking price is $379,000.

Property profile
Verified
Property type Commercial real estate
Lot 0.61 ac (26,572 SF)
APN 3404-501-.0247-000-0 & 3404-501-0248-000-7
UPID US18-4740455
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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