David A. ArcaAdvisorPatton CREM: 305.877.3966E: Darca@pattonre.com

Luis RomanDirector of Commercial SalesBeachfront Realty, INC.M: 305.490.1832E:realestategood@yahoo.com

Jose RamosAdvisorPatton CREM: 786.556.5515E: Jramos@pattonre.com

For Sale | LandDEVELOPMENT OPPORTUNITY IN

PORT ST LUCIE CIVIC CENTER DISTRICT

June 2017

Presented By:

9300 S US HWY 1Port Saint Lucie, FL 34952

Table of ContentsI. Property Information

Executive SummaryHighlightsDemographics SummaryArea SummaryRetailer Map

II. Location InformationLocation MapsCity InformationZoningCommunity Redevelopment AreaTown CenterFDOT Traffic Count

III. Sales ComparablesActive Land Sale CompsRetail & Office Sold Comps

I. Property Information9300 S US HWY 1 | Port Saint Lucie, FL 34952

Executive Summary

Property descriptionExcellent opportunity to acquire a corner in the fast developingcorridor of SE Walton Road with a daily a traffic count of 13,500vehicles. The site has 219 square feet of frontage along SE WaltonRoad. This site is also favorably located one block away from S.US Highway 1 with a daily traffic count of 41,000 vehicles daily.This site benefits from being in close proximity to the hospitaldistrict, several office, retail and residential developments withinthe Civic Center District.

Sale overview

Sale Price: $975,000

Lot Size: 0.94 Acres

APN #: 343580300080006

Zoning: Commercial Zoning PUD / CommunityRedevelopment Area

Sub Market: Port St. Lucie Civic Center

Cross Streets: SE FIRST ST & SE WALTON RD

Highlights

Property highlights• PUD Commercial Zoning within the Community Redevelopment Area allowing 10 story

mixed use redevelopment project• Site located at the entrance of the fast changing Civic Center District of Port St. Lucie• 219 Square Feet of Frontage• Annual Average Daily Traffic Counts of 13,500 along SE Walton Rd and 41,000 on US

Highway 1• Situated directly across from East Port Plaza, consisting of tenants such as Publix,

Tropical• Smoothie Cafe, Walgreens, Bank of America, Burger King, Taco Bell, etc.• Four miles to Treasure Coast Mall, anchored by Kohl's, Target, JCPenney, Dillards,

Sears and Macy's.

Demographics Summary

Area Summary

Retailer Map

II. Location Information9300 S US HWY 1 | Port Saint Lucie, FL 34952

Location Maps

City Information: Port Saint Lucie, FL

The City of Port St. Lucie is proud to be a hometown where people live, learn, work andplay, and celebrate all of life’s opportunities and dreams. According to the United StatesCensus Bureau’s 2015 population estimate, Port St. Lucie is the 8th largest city in Florida with179,413 residents. Currently, it is the 3rd largest city in South Florida and the 8th largest city inFlorida, surpassing Fort Lauderdale’s population of 178,590.It occupies an area of 120 squaremiles in St. Lucie County on Florida’s east coast, about 50 miles north of West Palm Beach, halfway between Miami and Orlando. Average temperatures range from 64 degrees in February to82 degrees in August, making the city and surrounding area a tourist destination and naturelover’s paradise.

The attractive environment and top-rated park system stand out in southeast Florida,and the unspoiled river, top-rated golf courses and growing arts and performance communityare key reasons for the city’s growth in recent years. Port St. Lucie also attracts a vibrant mix ofpeople because of its low crime rate, diverse housing stock and abundant open space, andbecause of the optimistic vision of the people who live here.

According to BizJournals.com, the city has the highest homeownership rate in thenation in 2012 and is the only major market with a homeownership rate above 75 percent. As agrowing community, the city offers diverse economic opportunities, clear guidelines forprosperous and sustainable growth, and state-of-the-art infrastructure ready to supportdevelopment and investment. Additionally, the city government is committed to deliveringoutstanding public services that enhance the community and the quality of life for people of allages.

There are traditional suburban neighborhoods, new mixed-use neighborhoods with avariety of housing types in walking distance to retail and dining establishments, and thebeginning stages of a downtown that will integrating urban commercial development withoutdoor nature trails, waterways and social opportunities. In other words, there is plenty ofroom to grow for businesses, for families, and for people seeking the amenities of a big citywhile enjoying the comforts of a familiar hometown.

Zoning

Citywide design standardsThese standards are intended to promote the development of a sense of placeby improving the visual quality of the built environment and to foster economicdevelopment opportunities that will benefit the city's future.The goals of the Citywide Design Standards are as follows:

• Implement performance-oriented design standards to enhance the appearance of development within the City through the evaluation of architectural features, articulation, building siting, lighting, and signage.

• Make a positive and memorable statement to residents, merchants, developers, and visitors.

• Improve the function/aesthetics and safety of circulation systems (pedestrian, vehicular, bicycle, and mass transit).

• Encourage water conservation and energy efficiency through “green” building practices and site design including setback incentives for Florida Green

• Building Coalition (FGBC) and the US Green Building Council (USGBC) certified green buildings.

Zoning: PUD

SEC. 158.173. - PERMITTED USESIn order to permit maximum flexibility in the design of a proposed planned unit development, no specificpermitted uses are established. Uses permitted within a PUD district shall be only those residential,cultural, recreational, business, commercial, industrial, and related uses as are deemed by the City Councilto be fully compatible with each other, with the context of the proposed development as a whole, andwith the zoning and land use patterns of surrounding areas. The type, general location, and extent of allproposed uses shall be clearly designated as part of the conceptual development plan, and approval ofthose uses or types of uses as part of a rezoning amendment shall constitute the permitted land userequirements of a particular PUD district to the same extent and degree as were those permitted usesspecifically included within these regulations. Any proposed change of approved land usage, other thannecessary minorrezonements in size, configuration, or location as may be required in the preparation ofthe detailed development plans, shall require a new hearing and approval action in accordance with theadministrative review and approval procedures herein established. Accessory uses normally associatedwith the uses permitted as part of the approval action upon a specific PUD proposal shall be permitted atthose locations and in an intensity as normally provided for that development within other zoning districtsof the city, unless accessory uses are expressly prohibited within the approval action or are otherwiseregulated by that action. The maximum height for commercial, office, and institutional uses within a PUDlocated in the Port St. Lucie Community Redevelopment Area may be one hundred twenty (120) feet orten(10) stories, whichever is less. All such height requests are contingent upon the approval of a masterplan and elevation drawings, which illustrate that the proposed height is compatible with the surroundingland uses.

Community Redevelopment AreaThe CRA is comprised of approximately 2,000 acres and located

prominently on US 1, the most important north south thoroughfare in the City. The CRA’s primary east west connection is Port St. Lucie Boulevard. More than 70,000 vehicles utilize the intersection of US 1and Port St. Lucie Boulevard per day. Additional east west access is provided just north of the CRA by Prima Vista Boulevard (which turns into St. Lucie West Boulevard).

The CRA is less than five miles from the Turnpike Interchange and roughly 7 miles from the nearest I95 interchange. The City is currently constructing a third east west corridor known as the “Crosstown Parkway”. The Crosstown Parkway will connect I95 to Floresta Drive and eventually to US 1 over the North Fork of the St. Lucie River. The Crosstown Parkway’s connection to US 1 is expected to occur between Village Green Drive and Walton Road which will significantly enhance access to the CRA and, therefore, positively impact the CRA’s businesses, especially those in close proximity to the connection, such as City Center.

The CRA benefits from the presence of the hospital district and several existing retail, office and residential developments. The CRA is envisioned as: a central gathering place that creates an identity for the city as well as provides entertainment and economic opportunities. The area will include a variety of development districts and connective open space to better serve Port St. Lucie’s current and future population. Many exciting developments and redevelopments have recently been completed or are under construction.

Civic Center District• Acres: 70• Residential Units: 1,082• Office Space S.F.: 393,000• Retail Space S.F.: 208,500• City's Civic Center:100,000 S.F. Multipurpose Facility• Additional Amenities: Village Square 1.3 acre park featuring an interactive fountain and

band shell• By 2005, the city had moved forward in implementation of a plan to redevelop the city

center site.• As a part of the implementation actions, an “urban infill and redevelopment” designation for

the city center parcels has been set in order to recognize the unique efforts and opportunities in development of an urban center for the fastest growing community in the country (as of 2005).

• The urban infill and redevelopment area allows the site to qualify for regulatory and economic benefits through recognition of this site within the comprehensive plan.

Town Center

FDOT Traffic Count

III. Sales Comparables9300 S US HWY 1 | Port Saint Lucie, FL 34952

Active Land Sale Comps

Active Land Sale Comps

Retail & Office Sold Comps

Retail & Office Sold Comps

Retail & Office Sold Comps