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5890 S US Highway 1
Fort Pierce, FL 34982
Land For Sale · 6.53 AC

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EXECUTIVE SUMMARY

Project is 24 months along in the preconstruction process, meaning 24 months closer to revenue.
· It is engineered and permitted for 137 bays of fully enclosed storage. At $1,100 per month per bay, that is a monthly revenue of just over $150k per month. Along with 4600 square foot office space / storage space that can also be rented for personal storage.
· Located on one of three roads in Saint Lucie County permitted for a billboard. Revenue from a billboard is estimated at $35k per month.
· There aren't any objections for our project as presented to FDOT.
· Utility companies have expressed no objections to the project.
· $300K+ invested in engineering, permitting fees, surveying fees, ecological impact survey fees. Wildlife and tree impact and survey fees. Tree mitigation fees.
· Three lanes of South bound traffic and three lanes of North bound traffic, over 32 thousand cars a day according to an FDOT 2022 traffic study.

PROPERTY FACTS

Sale Type Investment or Owner User
Sale Condition Build to Suit
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Retail
  • Unknown
Total Lot Size 6.53 AC
Zoning C - Commercial

1 LOT AVAILABLE

Lot

Price $3,650,000
Price Per AC $558,958.65
Lot Size 6.53 AC

Property is site plan approved for boat and RV self storage facility.

DESCRIPTION

Property is site plan approved for boat and RV self storage facility.

  • Listing ID: 29860236

  • Date on Market: 10/23/2023

  • Last Updated:

  • Address: 5890 S US Highway 1, Fort Pierce, FL 34982

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