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2221 Midway Rd Fort Pierce, FL 34981

OFF-MARKET Land Google Maps
Estimated value
No estimation on file for this property yet.
Property ID US18-6875993

Property summary

AI-generated overview

This exceptional 2.1-acre vacant land parcel in Fort Pierce, Florida, presents a unique investment opportunity. Located at 2221 W Midway Road, 34981, this property boasts over 500 feet of waterfront frontage on a tributary to the North Fork of the St. Lucie River. Its strategic location offers easy access via I-95, approximately 3.75 miles east of the Midway Road exit. Currently zoned AR-1 with RU (Residential Urban) land use, the site offers significant potential for development. The RU land use designation potentially allows for rezoning up to 5 units per acre, with possibilities including a waterfront townhome community or a unique restaurant, subject to rezoning. The property's high visibility on Midway Road, coupled with major developments underway in the area—including a new Amazon Distribution Center, a large wave park, and a substantial residential development—makes this a compelling investment. While extension of water and sewer lines will be necessary, the property's size and location make it an attractive prospect for developers. The total land area is 91,913 square feet. The asking price is $745,000.

Property profile

Verified
Property type Land
UPID US18-6875993

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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