FL > Ft. Pierce
Ft. Pierce, FL 34951,0000 Indrio RD
Ft. Pierce, FL 34951,0000 Indrio RD
Ft. Pierce, FL 34951,0000 Indrio RD
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$3,500,000
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1.83 Acres Lot
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0000 Indrio RD Ft. Pierce, FL 34951

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Carey Murray

Carey Murray

+1(561) 287-2791

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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1053032

Annual Tax Amount $10,430

Tax Year 2024

Lot Size 1.830 Acres

Acres 10.59

Property Sub-Type Unimproved Land

Source Space Coast MLS (Space Coast Association of REALTORS®)

Property Description

Introducing Beach Pines @ Indrio, a shovel-ready, fully entitled and permitted 75-unit townhome development located in the high-growth area of Fort Pierce, FL. This 10.65-acre project is zoned RM-9 and approved for nine units per acre. It offers a prime build-to-rent (BTR) opportunity for investors or developers seeking a turnkey site with strong projected returns. All site engineering, entitlements, and development plans are complete. The owner is a licensed Florida general contractor open to a joint venture with a capital partner for full vertical buildout. Each unit is thoughtfully designed as a 3-bedroom, 2.5-bath townhome with a 1-car garage, CBS construction, hurricane-rated windows and doors, and energy-efficient systems—ideal for long-term rentals, short-term rentals, or traditional sales. Community amenities include a clubhouse, pool, walking trails, and greenspace—adding lifestyle value for renters or homeowners. Located just off Indrio Road near I-95 and US-1. the site is only minutes from the growing commercial corridor at Kings Highway and Indrio, where a brand-new Publix is currently under construction. The property is also close to Buc-ee's, KOA Surf Park, the future Brightline Station, and several Fort Pierce beaches and public boat ramps, offering convenient access to the Intracoastal and Atlantic Ocean. This location blends quiet suburban living with easy access to vibrant coastal and commuter destinations. The approved pro forma supports gross annual rental income exceeding $2.25 million with a projected net operating income of approximately $1.6 million, targeting a 12% cap rate upon stabilization. Site layout includes efficient road design, utility and drainage plans, and flexibility for phased construction. This is a rare opportunity to take over a fully approved townhome subdivision with a seasoned builder on board, offering lower development risk and a faster path to revenue. Whether you're a BTR operator, equity group, or private developer, this project provides the scale, location, and entitlement readiness to execute immediately in one of Florida's hottest rental corridors. Full executive summary, pro forma, and JV options available upon request.

Location

State FL

County St. Lucie

Area 906 - St Lucie County

Direction Destination: Beach Pines @ Indrio development site (immediately west on Indrio Rd near I-95 / US-1 interchange) Exit 5250 Indrio Rd by heading west on Indrio Road (SR 614). Travel approximately 0.2 miles west—the development site begins on your right-hand side. The eastern boundary of the property is nearly adjacent to 5250 Indrio Rd. The site lies just a short drive or even a short walk down Ind

Exterior

Exterior Feature ExteriorFeatures

Utilities Available Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available

Present Use Investment,Multi-Family,Residential

Street Surface Asphalt,Dirt,Paved

Road Frontage County Road

Garage No

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Others

Senior Community No

Tax ID 1418-243-0025-000-4

Acceptable Financing Cash, Conventional, Owner May Carry, Private Financing Available, Other

Listing Terms Cash, Conventional, Owner May Carry, Private Financing Available, Other

Special Listing Condition Standard

Virtual Tour https://www.virtualtourcafe.com/mls/10002831

Space Coast Association of Realtors (Brevard MLS)
Listed by Landshark Realty

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agent

Carey Murray

Broker Associate | License ID: BK488352

+1(561) 287-2791

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0000 Indrio RD