$5,000,000

About this property

Introducing an exceptional opportunity for multifamily residential development. This prime property of 9.44 acres boasts an unbeatable location just minutes away from beach access and offers unparalleled convenience being only 5 miles east of I-95 and Florida's Turnpike. With its coveted zoning of RM-9, this parcel presents a range of possibilities for developers seeking to create a thriving community. Site plans have been approved and ready to submit for permitting. St. Lucie county has granted development order extension for this project out until Oct 3rd, 2028. The potential for this property is truly impressive, with the current plans allowing for the construction of 84 apartments or townhouses. Water and sewer services are readily available through the city. While the internal roads may require development, the presence of perimeter roads adds convenience and accessibility to the site which has been cleared and ready to break ground. For developers looking to streamline the due diligence process, this property comes fully entitled for the proposed use of multifamily residential development. This eliminates potential hurdles and accelerates the timeline for construction, providing a valuable head start. In summary, this property presents an excellent location for multifamily development. With its proximity to the beach, convenient access to major road ways, it is a compelling opportunity for developers seeking a prosperous venture. Don't miss out on the chance to shape a growing community in this highly sought-after area!