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    OFF-MARKET
    Commercial real estate

    2221 Midway Rd, Fort Pierce, FL 34981

    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 Commercial real estate
    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
    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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