Live-Local Affordable Housing Opportunity 6285 US Hwy 1 Ft. Pierce Fla

Description:

This prime 9.98-acre parcel located at 6285 N Old Dixie Hwy in Saint Lucie, Florida, offers a unique investment opportunity for multifamily and commercial development under the "Live Local Act." The property is strategically positioned at the high-traffic intersection of Kings Hwy and US 1, just east of US 1, providing excellent visibility and accessibility with 266 feet of frontage on US 1 and 505 feet on Old Dixie Hwy. The site is zoned CG (Commercial General) and is equipped with public water and sanitary sewer, making it ready for development.

Several concept plans have received preliminary approval for the construction of 147 apartments, alongside potential uses for above-ground RV and boat storage, multifamily apartments, and a commercial shopping center. The approved plans include a mix of five three-story buildings and one four-story building, designed to accommodate a density of 15 dwelling units per acre. With a sale price of $2,980,000, this property is positioned as a redevelopment project, making it an attractive option for both investors and owner-users looking to capitalize on the growing demand for housing and commercial services in North St. Lucie County. Surrounded by planned communities and positioned at a high-impact intersection, this site is well-suited for significant growth and development in the region.

Fort Pierce is at the heart of a rapidly expanding Treasure Coast, benefiting from its strategic location and infrastructure, including a port, airport, and rail lines. These assets position the city to become an economic hub, attracting new businesses and residents alike. The anticipated growth in St. Lucie County, particularly in the unincorporated areas, is expected to be bolstered by significant developments, such as the upcoming Buc-ee's mega-travel center. This influx of investment and population growth enhances the appeal of the 6285 N Old Dixie Hwy property, making it an ideal site for multifamily housing and commercial enterprises that cater to the needs of a growing community.

As Fort Pierce continues to evolve, the demand for quality housing and diverse commercial options will only increase. This property not only offers a prime location for residential development but also the potential for complementary commercial ventures that can serve the surrounding neighborhoods. With its favorable zoning, existing infrastructure, and strategic positioning, this site is poised to attract significant interest from developers and investors looking to make a lasting impact in the Fort Pierce area. Don’t miss the opportunity to be part of this vibrant community on the rise!

Located at 6285 N Old Dixie Hwy in Saint Lucie, Florida, this prime 9.98-acre parcel presents an exceptional opportunity for multifamily development under the "Live Local Act." The property is strategically positioned at the high-traffic intersection of Kings Hwy and US 1, just east of US 1, providing excellent visibility and accessibility. Adjacent to the Lennar Homes "Seagrove" development (formerly known as Coconut Cove), which is planned for 750 dwelling units, this site is surrounded by emerging communities, making it an ideal location for the proposed construction of 149 apartments. The development plan includes five three-story buildings and one four-story building, with a density of 15 dwelling units per acre, catering to the growing demand for housing in North St. Lucie County.

The sale price for this investment opportunity is $2,980,000, and the property is zoned CG (Commercial General), allowing for a variety of commercial uses in addition to the multifamily development potential. This cash sale comes with terms and is positioned as a redevelopment project, making it suitable for both investors and owner-users. With its prime location at a high-impact intersection and close proximity to planned communities, this property is well-positioned to capitalize on the increasing demand for housing in the area. The combination of strategic location, approved development plans, and favorable zoning makes this an attractive opportunity for developers looking to make a significant impact in the local market.

Fort Pierce, with a population of approximately 47,200 in 2022, is a vibrant city within St. Lucie County characterized by diverse racial demographics, including 20.6% Black or African American, 15.3% White (Non-Hispanic), and 4.57% White (Hispanic). As the center of the growing Treasure Coast, Fort Pierce is strategically positioned to become an economic hub, benefiting from its port, airport, and rail lines. St. Lucie County, which had a population of 329,226 in 2020, features a diverse demographic makeup with 51% White, 21% Black, 22% Hispanic, and 2% Asian residents. The county is anticipated to experience significant growth, particularly in its unincorporated areas, with major developments such as the Buc-ee's mega-travel center set to break ground in 2025. This projected growth is likely to drive job opportunities further north, particularly in Fort Pierce and its surrounding areas, making it a prime location for investment and development.