LOCATED ON HUTCHINSON ISLAND, FLORIDA - ALTERRRA REALTY GROUP is pleased to present this 7.26 acre multi-unit residential development site located at 901 - 1001 S Ocean Dr.? S, Fort Pierce, FL.? The Property is zoned R4A and is situated directly on A1A steps away from the area's most beautiful beaches on the narrow strip of land known as Hutchinson Island.? The site allows for 8 units per acre or a total of 55 units.? Zoning allows for up to 45 feet.? The site is comprised of 2 parcels totaling 7.26 ac.? 901 & 1001
The site is currently for site plan approval; offered currently, AS IS, all plans and reports to be included with sale.? Once site plan approval is obtained the price will increase per appraisal or the developer will build.? Directly across the street is South Beach Park, a State-owned beach offering quiet swimming, showers, restrooms, pavilion & deck.? As a State-owned beach, ocean views shall remain unobstructed.?
The land behind (less than 2 acres) are all wetlands which will also offer unobstructed views to the bay and Indian River.? The site is valued at $1.305M per buildable acre.? (Appraisal is available).? Soil density has been tested and those results are available as well.? See attached survey for information as well as zoning details.? Development is heading North! Get your offers in before values increase!
Of notable news; in "Downtown" Fort Pierce, minutes from this site, a $120M+ project named KINGS LANDING will soon break ground bringing new life to the already growing area.? Additionally, a $595M surfing center and village with 800 homes, thousands of jobs is being planned for Fort Pierce, just WEST of I-95.?
Search terms: "KINGS LANDING FORT PIERCE"; "FORT PIERCE WAVEGARDEN"
Some reference links;
Kings Landing: https://www.?tcpalm.?com/story/news/2021/10/26/higher-buildings-kings-landing-draw-criticism-fort-pierce/6172836001/
Wavegarden: https://cbs12.?com/news/local/wavegarden-surf-park-planned-for-fort-pierce
*THERE ARE 2 FINGER CHANNELS in this parcel that belong to the State of Florida; refer to the survey.? These areas are not buildable and are accounted for in land calculations.?
