2535 Kings Hwy Fort Pierce, FL 34945

This exceptional 41.01-acre parcel in Fort Pierce, Florida, presents a remarkable opportunity for multi-family development. Strategically located between I-95 and the Turnpike, near Okeechobee Road, this R-4 zoned land offers unparalleled convenience for future residents. The site plan, anticipated for approval by February 2024 (pending phasing plan approval), allows for the construction of up to 600 residential units. A comprehensive amenity package is included, featuring a water retention lake, a central community park, a dog park, a playground, and a clubhouse complete with a community pool. Ample parking is provided with a total of 951 spaces, including 45 clubhouse spaces and 192 garage, carport, or driveway spaces. The project benefits from a density bonus due to its proximity to a transit stop. The asking price is $12,995,000, translating to approximately $21,658 per unit. The seller will deliver the property with zoning in place and site plan approved. This location boasts proximity to significant nearby developments, including the South Florida Logistics Center, 7001 White Road, Crossroads Commerce Center, Amazon Fulfillment Center, Orange 95 Commerce Center, Celebration Point, Bent Creek, and Eagles Bend, underscoring the area's robust growth and potential. The property is owned by Farrell Building Corp and is located at 2535 S Kings Hwy, Fort Pierce, FL 34945.