3000 Okeechobee RdFort Pierce, FL 34947

Property Details for 3000 Okeechobee Rd

Lot size

6.87 AC

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a fully approved site plan for the construction of a 112-unit apartment complex in Fort Pierce, Florida. Located on a 6.87-acre lot with 516 feet of frontage on Okeechobee Road, this Class A multifamily property offers a compelling 6.00% cap rate and is priced at $2,500,000 ($22,321.43 per unit). The property boasts a fee simple ownership structure and is suitable for a 1031 exchange. Its strategic location provides easy access to major transportation arteries, including I-95 and the Turnpike, situated just 3 miles away. Furthermore, the property enjoys proximity to St. Lucie County's research park, city, county, and federal government buildings (less than 2 miles), the beautiful marinas of the Indian River Lagoon (2.5 miles), vibrant downtown Fort Pierce, and the beaches of Hutchinson Island (4 miles). The permitted zoning allows for both multifamily and commercial uses, presenting significant potential for future development and expansion. This stabilized investment is ideal for builders and investors seeking a high-return opportunity in a rapidly growing market. The property's location within a thriving area experiencing significant population growth makes it an attractive proposition for long-term investment and rental income generation. The APN is 241750400200016.

Location Insight

City

Fort Pierce

County

St Lucie

State

Florida

Latitude

27.4343

Longitude

-80.3556

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].