24-26 N Causeway Dr
Fort Pierce, FL 34946
Waterfront Development Opportunity · Land For Sale
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8.41 AC
Investment Highlights
- Located in an "Opportunity Zone" which provides tax incentives for investors/developers
- Existing By Right Zoning Allows for additional Development
- Seller Willing to Provide Reasonable Due Diligence Period
- Single tenant income-producing waterfront site currently providing cash flow
- Leased by single-tenant that generates substantial income with a built-in kick out clause
- Location has Convenient Access to the Inlet
Property Facts
Description
SVN is please to present this Single Tenant, Income Producing, Spectacular Marina & development 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 145 condos and 42 deep water slips. The seawall was recently replaced, and the marina is approved by USACE for a maximum dredge depth of 7.6'. This marina is a great opportunity for an investor or developer looking for a waterfront opportunity with some existing cash flow for an added bonus. 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 on Opportunity Zones, please visit https://goo.gl/DVzt9v.
