Confidentiality Agreement

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42 AC Residential Development Land

Oleander Ave, Fort Pierce, FL, 34982
For Sale

Property Details

  • Price: $5,900,000
  • Property Type: Development, Investment, Land
  • Availability: Available
  • Transaction Type: For Sale
  • Lot Size: 42.36 AC
  • Zoning Description: RS-2
  • Land Use: RU

Property Description

42 AC Residential Development Land

  • A total of four (4) contiguous lots currently zoned for RS-2 which allows for single family-dwellings at a max density of two (2) dwelling units per gross acres.​
  • ​Rezoning to RM-5 would allow for five (5) dwelling units per gross acre.​
  • ​Sewer and water were previously brought under US-1 to the site.​
  • ​Located between Oleander Ave.​ and US-1; quick access to several points of interest.​ Only 15 minutes away from St.​ Lucie West which features a wide selection of retail, dining, and entertainment establishments.​ Less than 20 minutes from the I-95 access ramp and  Florida’s Turnpike.​ In close proximity to several recreational parks, beaches, and historical downtown areas.​
  • ​Proposed development in the immediate area include mixed use development of residential and commercial on 16 acres, RV resorts, and others.​
  • ​Site was previously partially approved.​ Preliminary site plan shows the potential for a total of 104 units.​

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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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