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±17.53 Acre Multifamily Development Site
Address | 4171 Orange Avenue, Fort Pierce, Florida 34947 |
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Sale Price | N/A |
Cap Rate | N/A |
Property Type | Land |
Property Subtype | N/A |
Market | Fort Pierce |
Sub Market | N/A |
Year Built | N/A |
Land Size (Acres) | 17.53 |
Building Size (SF) | N/A |
Lease Rate | N/A |
# of units | N/A |
Description/Comments:
N/A
Space Descriptions:
This 17.53-acre parcel of land is situated between Interstate-95 (I-95) and U.S. Highway 1 (US-1) on Orange Avenue. This location is strategically advantageous as it provides easy access to various corridors in Southeast Florida.
In 2023, the parcel underwent annexation into the City of Fort Pierce and concurrently received Planned Development (PD) zoning. This zoning designation comes with the benefit of allowing the parcel to achieve the maximum allowable density within the City of Fort Pierce, specifically at 15 units per acre (UPA).
Furthermore, access to the property is facilitated through the southern part of the parcel, connecting to Orange Ave. This designated entrance enhances its accessibility and potential for development.
St. Lucie County has a booming manufacturing economy and is poised to continue to grow. Currently, employers are experiencing housing shortages for employees as these employees grapple with a low supply of quality housing.
In 2023, the parcel underwent annexation into the City of Fort Pierce and concurrently received Planned Development (PD) zoning. This zoning designation comes with the benefit of allowing the parcel to achieve the maximum allowable density within the City of Fort Pierce, specifically at 15 units per acre (UPA).
Furthermore, access to the property is facilitated through the southern part of the parcel, connecting to Orange Ave. This designated entrance enhances its accessibility and potential for development.
St. Lucie County has a booming manufacturing economy and is poised to continue to grow. Currently, employers are experiencing housing shortages for employees as these employees grapple with a low supply of quality housing.
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