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2405 25th st

7.29 Acres of Residential Land Offered at $3,350,000 in Fort Pierce, FL 34981

Investment Highlights

  • Zoned for 10 units per acre, with potential for up to 150 units via bonus density. Pre-luminary due diligence report provided.
  • Includes a 2.42-acre adjacent lot, essential utilities on-site, and prior approval for 48 townhomes, ideal for residential or mixed-use development.
  • Near Indian River State College, HCA Florida Lawnwood Hospital, and a future Amazon hub, with easy access to highways and the beach.

Executive Summary

This 7.29-acre parcel, near key amenities and highways, offers flexible zoning for up to 150 units with bonus density. Includes essential utilities and an adjacent 2.42-acre lot. Ideal for residential or mixed-use development. Owner financing available with 50% down. Explore this prime investment opportunity today!

Property Facts

Price $3,350,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 7.29 AC

1 Lot Available

Lot

Price $3,350,000
Price Per AC $459,534
Lot Size 7.29 AC

This 7.29-acre parcel, complemented by an adjacent 2.42-acre lot, is well-positioned for development. It features flexible zoning allowing up to 150 units with bonus density, essential utilities on-site, and proximity to major landmarks and highways.

Description

This 7.29-acre parcel presents a unique investment opportunity, strategically located near Indian River State College, HCA Florida Lawnwood Hospital, Lawnwood Stadium, and the St. Lucie County Administrative Offices. Ideal for residential development, the property is currently zoned for up to 10 units per acre, with the potential for up to 150 units through bonus density requirements. A pre-luminary due diligence report is included, further detailing the development possibilities. The parcel supports various conditional uses such as single-family units, condominiums, multifamily duplexes, office buildings, and limited commercial activities including group living, fraternal organizations, nursing homes, and religious institutions. Essential utilities, including a 12-inch water main and gravity sewer lines, are readily available on-site. The site was previously approved for 48 townhomes in 2006, highlighting its strong potential for profitable development. Additionally, an adjacent 2.42-acre lot (Parcel ID 242050400210006) is included, enhancing the investment potential. The property's value is further increased by its proximity to the upcoming 1 million square foot Amazon distribution hub at Midway and I-95, just a few miles away. Major highways like the Turnpike and I-95 are easily accessible, and the beach is just a short drive away. Owner financing is available with 50% down, offering an excellent opportunity for investors and high-value buyers. Don’t miss out on this rare chance to invest in a rapidly growing real estate market in a prime location. Call us today to explore the extensive potential of these development sites!

zoning

Zoning Code Medium (Zoned for 10 units per acre, potentially up to 150 with bonus density. Supports single-family, condos, multifamily, offices, & limited commercial use.)
Medium (Zoned for 10 units per acre, potentially up to 150 with bonus density. Supports single-family, condos, multifamily, offices, & limited commercial use.)
  • Listing ID: 33014529

  • Date on Market: 8/30/2024

  • Last Updated:

  • Address: 2405 25th st, Fort Pierce, FL 34981

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