Dollar General Adjacent Land - $82K HH Income | 24% Population Growth

Investment Highlights

• ±0.83 AC adjacent to Dollar General in Port Saint Lucie, Florida
• Prime frontage near signalized intersection with combined traffic counts of ±17,391 VPD
• Zoned LMD (Limited Mixed Use) allowing for flexible commercial uses
• Located within dense residential community and within 5-miles of I-95, Florida’s Turnpike, Walmart, Publix, Target, Cleveland Clinic, and many others
• Homebuilders such as GL Homes, Mattamy, Pulte, DR Horton, Del Webb are planning/building 20,000+ homes in response to the rapidly growing population
• Attractive 5-mile demographics - projected population growth of 10%, $82,133 average household income, and 112,553 residents
• Absolute $1 Auction - NO RESERVE

 

Offering Details

CBRE and RealINSIGHT Marketplace are pleased to present a ±0.83 AC land parcel located at 773 SW Paar Drive (the “Property”) in Port St. Lucie, Florida approximately 45 miles north of West Palm Beach. This Dollar General adjacent parcel offers investors a well-situated development opportunity within a robust and growing market.

The Property is a ±0.83-acre vacant land parcel and located adjacent to a newer Dollar General with access and visibility to combined traffic counts of ±17,391 VPD on busy SW Port St. Lucie Blvd and SW Paar Drive. The Property is positioned in a dense and growing residential area with homebuilders such as GL Homes, Mattamy, Pulte, DR Horton, Del Webb are planning/building 20,000+ homes in response to the rapidly growing population. The Property offers potential investors the ability to acquire raw land with significant value-add through development and long-term lease up. Currently zoned LMD, Limited Mixed Use, this commercial development site offers favorable flexible zoning that allows for a variety of uses including professional & personal services, retail, and restaurant among others.

The city of Port Saint Lucie is in St. Lucie County Florida and part of the Treasure Coast region of Florida approximately 45 miles north of West Palm Beach. Within the past several years, Port St. Lucie has drawn national attention as a fast growing and desirable place to live with 24% growth from 2010-2021 and expected to grow 10% from 2021-2026. The Property is strategically located approximately 5-miles from both I-95 and Florida’s Turnpike. The Property benefits from convenient access to numerous shopping amenities including Walmart, Publix, Target, PetSmart, T.J. Maxx, Sam’s Club, and many others. The Property also benefits from extremely dense and compelling demographics and has a population of ±112,553 with an average HH income of ±$82,133 within a 5-mile radius (2021).

In a rapidly growing market, this property’s ideal location and proximity to dense residential make it a prime opportunity for commercial development.