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N 2nd St - Waterfront Development Site in Fort Pierce 2.72 Acres of Commercial Land Offered at $19,990,000 in Fort Pierce, FL 34950
Investment Highlights
- Scarcity: There is no other 2.72-acre, 200-foot-entitled, Indian River Drive-fronting, never-marketed parcel available in Downtown Fort Pierce.
- The subject property is surrounded by established demand generators.
- Timing: The window to acquire ahead of the catalyst wave is narrowing sharply.
- Demand Validation: King's Landing, the closest direct comparable on the same Indian River Drive corridor.
Executive Summary
The site 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.
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Property Facts
| Price | $19,990,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Agricultural |
| No. Lots | 1 | Total Lot Size | 2.72 AC |
| Zoning | HIGH DESIT - high density | ||
| Price | $19,990,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Agricultural |
| Total Lot Size | 2.72 AC |
| Zoning | HIGH DESIT - high density |
1 Lot Available
Lot 6
| Price | $19,990,000 | Lot Size | 2.72 AC |
| Price Per AC | $7,349,264.71 |
| Price | $19,990,000 |
| Price Per AC | $7,349,264.71 |
| Lot Size | 2.72 AC |
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 200-feet of by-right height allow
Description
- Full block depth with approximately 550 feet east-to-west (N. 2nd Street to Indian River Drive) and approximately 220 feet north-to-south (Avenue C to Avenue D). - N. Indian River Drive frontage provides maximum visibility and foot traffic exposure from the waterfront promenade. - Flat, developable topography with no significant environmental constraints noted in survey . - Urban infill location with all utilities at or adjacent to site (water, sewer, electric). - No existing structures on the site, it is all cleared for development. - Direct line-of-sight views to the Indian River Lagoon and Intracoastal Waterway from upper floors
