1038 37th South St, Fort Pierce, FL 34947

Description

Prime 5.28± acre infill development opportunity in the City of Fort Pierce, positioned for multifamily or rental housing with Residential Low-Density (RL) Future Land Use supporting approximately 31 units. Current E-3 zoning allows ~15 units by right, creating a compelling rezoning pathway to align with FLU and maximize density. Centrally located near major employment hubs including Lawnwood Regional Medical Center and Indian River State College, the site is well-situated for workforce housing, townhome development, or build-to-rent communities.

READ MORE BELOW. Fort Pierce is undergoing significant transformation driven by major public and private investment. The planned King's Landing mixed-use redevelopment is a $155M project that will introduce hospitality, residential, retail, and dining along the waterfront, reinforcing downtown as a regional destination. Ongoing Downtown and Marina Square revitalization efforts continue to enhance connectivity, public spaces, and waterfront activation. The proposed Koa Bay surf park and lifestyle development is a $650M project expected to deliver a large-scale mixed-use environment featuring residential, hospitality, and recreation, further elevating the city's profile as a tourism and lifestyle hub.

In addition to destination projects, Fort Pierce's economic base continues to expand with the Derecktor Fort Pierce superyacht refit facility at the Port, establishing the area as a premier marine service hub and generating sustained demand for workforce and rental housing. Proximity to major employment centers including Lawnwood Regional Medical Center and Indian River State College further strengthens long-term housing demand fundamentals.

Strategically positioned near major corridors with convenient access to Downtown Fort Pierce, the waterfront, and regional transportation routes, this parcel offers developers the opportunity to capitalize on a growing market supported by infrastructure investment, job creation, and destination-driven growth.