6285 Old Dixie Highway

Located at 6285 N Old Dixie Hwy in Saint Lucie, 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, just east of US 1, providing excellent visibility and accessibility. 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. Fort Pierce, with a population of approximately 47,200 in 2022, is a vibrant city within St. Lucie County characterized by diverse racial demographics, including 20.6% Black or African American, 15.3% White (Non-Hispanic), and 4.57% White (Hispanic). As the center of the growing Treasure Coast, Fort Pierce is strategically positioned to become an economic hub, benefiting from its port, airport, and rail lines. St. Lucie County, which had a population of 329,226 in 2020, features a diverse demographic makeup with 51% White, 21% Black, 22% Hispanic, and 2% Asian residents. The county is anticipated to experience significant growth, particularly in its unincorporated areas, with major developments such as the Buc-ee's mega-travel center set to break ground in 2025. This projected growth is likely to drive job opportunities further north, particularly in Fort Pierce and its surrounding areas, making it a prime location for investment and development.