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Weatherbee Road
Fort Pierce, FL 34982
Asking Price
$1.20M
Asset Type
Residential Land
Class
Class B
What's Special
Land | 7 acres <ul><li>±7 Acres in a rapidly growing area of Fort Pierce</li><li>Conceptual plan for 74 multifamily units</li><li>Frontage along Weatherbee Road</li><li>Minutes from US-1 and I-95</li><li>Strong regional population and housing growth</li><li>Flexible development potential subject to approvals</li><li>Close proximity to Downtown Fort Pierce and area beaches</li></ul>
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NOI
$80,000
Cap Rate
6.67%
DSCR
1.12
Tight
Cash-on-Cash
2.43%
Monthly Payment
$5,936.945
Annual Cash Flow
$8,756.657
