Live-Local Affordable Housing Opportunity 6285 US Hwy 1 Ft. Pierce Fla

Investment Overview

This prime 9.98-acre parcel located at 6285 N Old Dixie Hwy in Saint Lucie, Florida, offers a unique investment opportunity for multifamily and commercial development under the "Live Local Act." The property is strategically positioned at the high-traffic intersection of Kings Hwy and US 1, just east of US 1, providing excellent visibility and accessibility with 266 feet of frontage on US 1 and 505 feet on Old Dixie Hwy. The site is zoned CG (Commercial General) and is equipped with public water and sanitary sewer, making it ready for development. Several concept plans have received preliminary approval for the construction of 147 apartments, alongside potential uses for above-ground RV and boat storage, multifamily apartments, and a commercial shopping center. The approved plans include a mix of five three-story buildings and one four-story building, designed to accommodate a density of 15 dwelling units per acre. With a sale price of $2,980,000, this property is positioned as a redevelopment project, making it an attractive option for both investors and owner-users looking to capitalize on the growing demand for housing and commercial services in North St. Lucie County. Surrounded by planned communities and positioned at a high-impact intersection, this site is well-suited for significant growth and development in the region. Fort Pierce is at the heart of a rapidly expanding Treasure Coast, benefiting from its strategic location and infrastructure, including a port, airport, and rail lines. These assets position the city to become an economic hub, attracting new businesses and residents alike. The anticipated growth in St. Lucie County, particularly in the unincorporated areas, is expected to be bolstered by significant developments, such as the upcoming Buc-ee's mega-travel center. This influx of investment and population growth enhances the appeal of the 6285 N Old Dixie Hwy property, making it an ideal site for multifamily housing and commercial enterprises that cater to the needs of a growing community. As Fort Pierce continues to evolve, the demand for quality housing and diverse commercial options will only increase. This property not only offers a prime location for residential development but also the potential for complementary commercial ventures that can serve the surrounding neighborhoods. With its favorable zoning, existing infrastructure, and strategic positioning, this site is poised to attract significant interest from developers and investors looking to make a lasting impact in the Fort Pierce area. Don’t miss the opportunity to be part of this vibrant community on the rise!