322 Kitterman Rd, Fort Pierce, FL 34952
This exceptional 9.75-acre parcel in Port St. Lucie, Florida (APN 3415-501-0016-000-6), is offered at $2,800,000. Zoned RM-9 in St. Lucie County, it boasts a fully approved site plan for an 81-unit low-rise multifamily residential development. The approved plan includes eight two-story buildings, comprising 68 two-bedroom/two-bathroom units and 12 one-bedroom/one-bathroom units, along with a manager's apartment, an office, and a pool. Ample parking is provided with 179 spaces. The property will be served by Port St. Lucie Utilities for water and sewer. Its convenient location just off US1 and Kitterman Rd, east of US1, places it within an established residential area, close to shopping, restaurants, and an elementary school. Lennard Road offers an alternative north-south route to US1, enhancing accessibility. This is a turnkey opportunity for immediate development.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.