0 Avenue DFort Pierce, FL 34947

Property Details for 0 Avenue D

Lot size

3.92 AC

Property type

Residential income properties

Property subtype

Other mixed-use properties

Description

This exceptional 3.92-acre lot presents a unique investment opportunity in Fort Pierce, Florida. Located in the city's Opportunity Zone, this property is zoned R-4, permitting medium-density residential development. With the potential for 10 units per acre, and up to 12 units per acre with innovative design, this site is perfectly suited for workforce housing. The land is already cleared, significantly reducing development time and costs. Its strategic location offers convenient access to the Indian River and downtown Fort Pierce, while its proximity to the Indian River State College satellite campus adds further appeal. The property's designation within the Opportunity Zone provides significant tax advantages for investors. Detailed information regarding the Opportunity Zone incentives is available through the City of Fort Pierce website. This is a rare chance to acquire a sizable, well-situated parcel in a thriving area, ideal for creating much-needed workforce housing. The asking price for this exceptional property is $825,000. This represents a compelling investment opportunity with strong potential for significant returns. The property's mixed-use zoning offers flexibility for future development, while its current zoning allows for a substantial number of residential units. The cleared lot is ready for immediate development, minimizing delays and maximizing returns on investment.

Location Insight

City

Fort Pierce

County

St. Lucie

State

Florida

Latitude

27.453

Longitude

-80.3574

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