Located at 6285 N Old Dixie Hwy in St, Lucie County Florida, this
prime 9.98-acre parcel presents an exceptional opportunity for
multifamily development under the "Live Local Act." The property
is strategically positioned at the high-traffic intersection of Kings
Hwy and US 1, providing excellent visibility and to intercoastal / river
view . Adjacent to the Lennar Homes "Seagrove" development
(formerly known as Coconut Cove), which is planned for 750
dwelling units, this site is surrounded by emerging communities,
making it an ideal location for the proposed construction of 149
apartments. The development plan includes five three-story
buildings and one four-story building, with a density of 15
dwelling units per acre, catering to the growing demand for housing
in North St. Lucie County.
The sale price for this investment opportunity is $2,980,000, and the
property is zoned CG (Commercial General), allowing for a variety of
commercial uses in addition to the multifamily development potential.
This cash sale comes with terms and is positioned as a
redevelopment project, making it suitable for both investors and
owner-users. With its prime location at a high-impact intersection
and close proximity to planned communities, this property is well positioned to capitalize on the increasing demand for housing in
the area. The combination of strategic location, approved
development plans, and favorable zoning makes this an attractive
opportunity for developers looking to make a significant impact in the
local market.
Listed with James McGlone