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±1.7-Acre Ocean Drive Development Opportunity FOR SALE | 511 South Ocean Drive, Fort Pierce, FL Colliers presents this ±1.7-acre site located at 511 S Ocean Drive on Hutchinson Island, steps away from one of South Florida’s most desirable beaches. The property offers residential zoning, providing a multifamily development opportunity for the savvy investor and/or developer. The property is surrounded by a mix of single and multifamily development with easy access to local hotels, resorts and restaurants.
Mike Millard +1 561 346 2382 mike.millard@colliers.com Colliers International South Florida, LLC 2385 NW Executive Center Drive, Suite 350 Boca Raton, FL 33431 +1 561 353 3650 www.colliers.com/southflorida
Asking Price: $1,100,000 F E ATU R ES
• ±1.7 acres with a combined 11 lots primed for development • Steps away from the beach • Desirable Hutchinson Island submarket • Zoning options allow for multifamily project • Minutes to local restaurants, resorts and hotels
• Proximity to Downtown Fort Pierce • Access to Interstate 95 via Orange Avenue to the west • Conveniently positioned just south of Seaway Drive, with easy access to Causeway Island, Harbor Isle Marina and more
Hoyt C. Murphy Jr. +1 772 971 7424 hoytmurphy@hotmail.com Coldwell Banker Paradise 411 US Highway 1 Fort PIerce, FL 34950
Area Demographics (5 mile radius)
AE RIA L OVERVIEW
Current Population (2018)
52,486 Projected Population (2023)
56,078 Average Household Income (2018)
SITE
$52,143
Total Households (2018)
19,734 Education Attainment Highschool Diploma : 28.9% Some College : 17.4% College Diploma : 20.3% Post-Secondary Degree : 5.9%
Specifications
Area Overview
Total Acreage
1.7 Acres (73,920 SF)
Zoning
R4A
Parcel No.
52401-502-0026-000-6
County
St.Lucie
Municipality
Fort Pierce
Current Use Code
8900 - Municipal
Highest & Best Use
Multifamily
The site is positioned on the west side of S Ocean Drive just south of Seaway Drive, the primary roadway connecting the mainland to the area known as Hutchinson Island. The property offers easy access to local amenities that and some of the most desirable beaches in South Florida. SURVE Y
Contact us: Mike Millard +1 561 346 2382 mike.millard@colliers.com Hoyt C. Murphy Jr. +1VIEW 772 971 7424 ONLINE hoytmurphy@hotmail.com
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). Š2018. All rights reserved.
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