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    OFF-MARKET
    Commercial real estate

    322 Kitterman Rd, Fort Pierce, FL 34952

    9.75 ac lot
    Property ID
    US18-4518713
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 9.75 ac (424,710 SF)
    APN 3415-501-0016-000-6
    UPID US18-4518713
    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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