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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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N Indian River Dr. , Fort Pierce, FL 34950
$19,990,000
Est. Payment: $44,422.22/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 5
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House Description

Opportunity to acquire 2.72 acres of prime developable land fronting the Indian River Drive waterfront corridor in Downtown Fort Pierce, Florida. The parcel occupies most of the block between Avenue C (A.E. Backus Avenue) and Avenue D, with its primary face on Indian River Drive, directly across from the Fort Pierce Manatee Education Center, immediately adjacent to the A.E. Backus Museum & Gallery, and Fort Pierce City Marina. The assemblage has never been listed on the open market. With 200-feet of by-right height allowance, a premier Indian River Drive address, and proximity to over $185 million in announced public and private investment actively under construction on the same corridor, this parcel sits at the epicenter of the Treasure Coast's most significant urban revitalization in a generation. The site is ideally suited for a vertically integrated mixed-use tower: street-level retail and restaurant activation fronting Indian River Drive, mid-level commercial or hospitality, and upper-floor luxury residential or hotel. With premium condos already selling at the neighboring King's Landing project at prices already surrounding the $1.5M, demand for premium waterfront product in Fort Pierce is validated and accelerating.

Highlights

Listed by Filippo Incorvaia , 646-662-8504 and Alex Uribe , 614-832-1748 FI Real Estate Brokerage LLC , 646-662-8504.

Property Type

Vacant Land

Lot/Acreage
2.72

County

St Lucie

Area

7720

Neighborhood

Assessor's Map Of N Part

Listing ID

A12078947

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Public

Exterior Features

Lot:Bayfront
Lot Dimensions:730x540
Zoning:High Des
Sewer:None
Principal Interest
$44,422
Taxes
$654

Home Price

$19,990,000

Loan Details

30 yrs
%

Down Payment

20%
$3,998,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$44,422.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $44,422.22 $653.50 $0.00 $45,075.72
Yearly $533,066.67 $7,842.00 $0.00 $540,908.67
Total $15,992,000.00 $235,260.00 $0.00 $16,227,260.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Fort Pierce, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.