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24-26 N Causeway Dr
Fort Pierce, FL 34946
Waterfront Development Opportunity · Land For Sale
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8.41 AC
PROPERTY FACTS
DESCRIPTION
Adjusted to Fit the Market! Reduced from $12,000,000. SVN has listed this Single Tenant, Income Producing, Spectacular Marina site located at the base of the N. Causeway Drive bridge, which connects the barrier island of North Hutchinson Island, to the City of Fort Pierce. A former project, known as Blue Harbour, was a concept designed in 2006 to include to include 145 condos and 42 deep water slips. The seawall was recently replaced, and the marina was dredged in 2012. This is a great opportunity for an investor or developer looking for a waterfront opportunity. Located in an "Opportunity Zone", this program encourages private investment by providing tax incentives for investors/developers who invest in qualified businesses and properties in these areas. For more information about Opportunity Zones, please visit https://goo.gl/DVzt9v. *Additional income-producing property is located on the southwest corner of the quadrant. The entire building is currently rented to one tenant for $1,565 per month, plus $533 CAM. Tenant renews on six-month increments. This 0.35± acre property is offered for $350,000 by Coldwell Banker Commercial.
