• Broker Haynes Hendry 8137312812

US Highway 1 - Commercial Pad Site/64,398 BSF /Lease options 4.38 Acres of Commercial Land Offered at $995,000 in Port Saint Lucie, FL 34952

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INVESTMENT HIGHLIGHTS

  • Infill location in high traffic area. Good visibility from U.S. Highway 1
  • Proximity to St. Lucie Medical Center
  • Approved for 64,398 square feet of medical office, office and retail development
  • Opportunity Zone

EXECUTIVE SUMMARY

The site is approved for a total of 64,398 buildable square feet in three stories ($15 per Buildable S.F.). All retention (offsite), utilities, parking, curbs, gutters, sidewalks, asphalt and lighting are developed, thus the buyer does not have to pay for these development expenses. No CAM charges until developed. The site is approved for medical, retail, and professional office use, among other commercial uses. The approved design has 22 on-site parking spaces; however, this could be redesigned. The remaining parking is part of the Port St. Lucie center and is adequate for commercial/medical /professional office usage. Qualified Opportunity Zone offering superior tax treatment of qualifying investments. This vacant developed in-line pad site is located in an established high visibility business center fronting US Highway 1 in Port St. Lucie. The pad-ready site can be improved with medical office, professional office, and retail development with a maximum height of 35 feet or 3 stories. Other allowable uses are theatres, personal services, auto services, and garden shops. The owner will consider a ground lease.

ATTACHMENTS

Towne Centre Three Story Rendering
Out Pad South Site Plan
Survey

PROPERTY FACTS

Price $995,000 Property Subtype Commercial
Sale Type Investment or Owner User Proposed Use
Retail
  • Office
  • Medical
No. Lots 1 Total Lot Size 4.38 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning PUD - Planned Unit Development
Price $995,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Office
  • Medical
Total Lot Size 4.38 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning PUD - Planned Unit Development

1 LOT AVAILABLE

Lot

Price $995,000 Lot Size 4.38 AC
Price Per AC $227,168.95
Price $995,000
Price Per AC $227,168.95
Lot Size 4.38 AC

Improved Pad site of Town Centre. Building pad is 35,284 sf +/- @ $15 per buildable SF

DESCRIPTION

This vacant developed in-line pad site is located in an established high visibility business center fronting US Highway 1 in Port St. Lucie. The pad-ready site can be improved with medical office, professional office, and retail development with a maximum height of 35 feet or 3 stories. All retention (offsite), utilities, parking, curbs, gutters, sidewalks, and lighting are existing in place.Buyer does not have to develop retention, parking, lighting etc. Owner will consider a ground lease. No CAM charges until vertical improvements are completed. . The reported land size is a prorated estimate based on the entire 28.36-acre PUD (1,235,380 SF) approved for 416,734 building square feet. Given that the subject is approved for 64,398 square feet (15% of total) this equates to roughly 4.38 allocated acres. The actual land area for the developed pad site is 35,284 sf +/-. The approved building footprint is 21,466 square feet and is approved for a total of 64,398 square feet in three stories. Parking and retention is in place surrounding the site. The approved design has 22 on-site parking spaces. Potential 3-story building with large signage would have visibility from U.S. 1 and also offers line-of-sight along the center’s access road leading straight to the parcel. The subject site is approximately 3 miles from Port St. Lucie Hospital, 1.5 miles from St. Lucie Medical Center and 6.3 miles from Town Center at St. Lucie West mall. Port St. Lucie Hospital is a 75-bed private behavioral healthcare facility, offering both inpatient and outpatient therapy services to patients seeking care for dual-diagnosis & adult psychiatric disorders in a tranquil, retreat-like environment. St. Lucie Medical Center is a 229-bed, hospital offering a full range of acute care services, including rehabilitation, obstetrics, inpatient and outpatient surgery and services. Its Orthopedic Center of Excellence is considered one of the best in the country for joint replacement. Town Center at St. Lucie West mall is a 518,000 square foot retail/restaurant complex with tenants including Wal-Mart Supercenter, Beall’s Department Store, Staples, Petco, Party City, Panera Bread, Ross Dress for Less, Guitar Center, AC Moore, Starbuck’s, Five Guys Burgers & Fries, Kay Jewelers and Moe’s Southwest Grill.

PROPERTY TAXES

Parcel Number 34-14-501-4707-1106 Improvements Assessment $0
Land Assessment $350,000 Total Assessment $350,000

PROPERTY TAXES

Parcel Number
34-14-501-4707-1106
Land Assessment
$350,000
Improvements Assessment
$0
Total Assessment
$350,000

MAP

ADDITIONAL PHOTOS

View Photo Subject Aerial
View Photo Approved Site Plan
View Photo Out Pad South Site Plan