2221 Midway Rd, Fort Pierce, FL 34981
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.