Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the exclusive listing of an 16.9 acres of land located on Federal Hwy, in Port Saint Lucie, FL, according to Kirk A. Felici, regional manager of the firm’s Miami office. The asset is listed for $4,500,000.

Ryan T. Shaw, an investment specialist in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. This property offering presents a unique opportunity for an investor to acquire property favorable for a mixed-use development. Facing US-1, the property is within a 1.6 mile radius of Jensen Beach, a golf course, hospital, schools and retail centers. “This property presents many opportunities for a developer. From apartments to retail fronting, the location on US-1 makes it an attractive buy” said Ryan Shaw.

The property is located at 9580 S US Highway 1 in Port Saint Lucie, FL. 

About Marcus & Millichap (NYSE: MMI)

With over 1,700 investment sales and financing  professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research and advisory services. Founded in 1971, the firm closed over 9,000 transactions in 2016 with a value of approximately $42.3 billion. The company has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more, please visit: www.MarcusMillichap.com