9.58 AC Port St Lucie Multifamily/SFH Development

Located less than a mile from the bustling US-1 retail corridor at the corner of Port St Lucie Blvd/SE Mariposa Ave and SE Leithgow St. Close to Mariposa Elementary School, Walmart Supercenter, Jensen Beach Golf Club, Hutchinson Islands and several single family neighborhoods. Port St. Lucie offers the advantage of catering to families seeking suburban living with proximity to essential amenities such as schools, retail centers, and recreational facilities.Lee & Associates presents a lucrative opportunity for residential or multifamily development on an expansive 9.58-acre vacant land site just off US-1 in Port St. Lucie, Florida. Comprising two parcels, the property features existing zoning of RS-3 for single-family residential use with plans in place for the construction of approximately 46 Single Family Homes or 93 Townhomes. Moreover, there exists significant potential for multifamily development, with the possibility of constructing up to 11 units per acre (105 units) by rezoning to city zoning, making this an ideal investment for developers seeking versatile options. A recent engineering report has confirmed that the property's pond is solely a result of rainwater accumulation, with a minimal 0.2 acres designated as wetlands, indicating the feasibility of extensive development. Various documents are available upon request including Environmental Studies, Topography Survey, Bathymetric Survey, Wetland Delineation Survey, Preliminary Site Plans, and Cut-Fill Estimate. Conveniently positioned less than a mile from the bustling US-1 retail corridor at the corner of Port St Lucie Blvd/SE Mariposa Ave and SE Leithgow Street, residents will enjoy proximity to a plethora of amenities including a Walmart Supercenter, Sam's Club, Planet Fitness, Beall's, and various dining options such as Applebee's, Denny's and several other fast food and local eateries. Mariposa Elementary School is within walking distance, catering to families with young children, while recreational opportunities abound with nearby attractions like the Jensen Beach Golf Club, Savannas Preserve State Park, and Hutchinson Islands. The seller is highly motivated. This prime property represents an exceptional investment opportunity to meet a high demand for housing in one of Florida's rapidly growing markets. Developing homes in Port St. Lucie offers the advantage of catering to families seeking suburban living with proximity to essential amenities and recreational facilities which enhances the desirability and marketability of the homes, ensuring strong demand and potential for appreciation.