2405 S 25th Street
Fort Pierce, FL 34947
#RX-11016655
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. Previously approved for 48 townhomes in 2006, the site is well-positioned for profitable development.
Included with this offering is an adjacent 2.42-acre lot (Parcel ID 242050400210006), enhancing the investment potential. The property's value is further boosted by its proximity to the upcoming 1 million square foot Amazon distribution hub at Midway and I-95, just a few miles away. Additionally, the parcel is conveniently located minutes from major highways like the Turnpike and I-95, and just a short drive to the beach.
Owner financing is available with 50% down, presenting an excellent opportunity for investors and high-value buyers. This is a rare chance to invest in a rapidly growing real estate market in a prime location. Don't miss out on this great opportunity to explore the extensive potential of these development sites. Call us today!
Property Details
- Lot FeaturesWest of US-1, Paved Road, Public Road, Sidewalks, 5 to 10 Acres
- Lot DescriptionWest of US-1, Paved Road, Public Road, Sidewalks, 5 to 10 Acres
Construction Details
- Property TypePurchase
Community and Neighborhood Details
- SubdivisionMETES AND BOUNDS
Location
- CountySt. Lucie
- ZoningMedium
Financial Details
- Original List Price$3,350,000
- Taxes Annual$16,141
Other
- MLS #RX-11016655
Location
Legal
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Last Updated: . Source: BMLS
Listing Courtesy
Listing Agent: Kimone S Fearon (#276558581)
Listing Office: EXP Realty LLC (#261010944)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.