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Multifamily/Redevelopment Opportunity

2108 Okeechobee Rd & 711 S 21st St., Fort Pierce, FL, 34950
For Sale

Property Details

  • Price: $900,000
  • Property Type: Commercial, Development, Land, Multi-Family
  • Availability: Available
  • Transaction Type: For Sale
  • Lot Size: 1.16 AC
  • Sq. ft: 742 - 1,508 SF
  • Parcel ID 1: 2409-711-0045-000-1
  • Parcel ID 2: 2409-711-0046-000-8

Property Description

  • An excellent opportunity to acquire two combined parcels totaling 1.16 acres at the corner of Okeechobee Road and S 21st Street in Fort Pierce, FL. The site currently produces $6,000/month in rental income and features multiple existing structures, but the true value lies in its redevelopment potential.
  • Located in a high-visibility corridor, the property is well-positioned for a mixed-use or multifamily project. With ample land area and utilities in place, the site offers flexibility for future development, including the possibility of adding 4–6 additional units or creating a new concept altogether.
  • The site is centrally located near Historic Downtown Fort Pierce and HCA Florida Lawnwood Hospital, with quick access to I-95 and Florida’s Turnpike. It also benefits from strong nearby retail activity, including Walmart, Chick-fil-A, and other national brands.

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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