$3,500,000 for Sale
indrio road , fort pierce, FL 34945
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
General Information
Sale Price: $3,500,000
Price/SqFt:
Status: Active
MLS#: V4943996
City: fort pierce
Post Office: fort pierce
County: St Lucie
Subdivision: metes & bounds
Acres: 10.65
Lot Dimensions: 449 x 1289
Size:
Acreage: 10.65 est.
Year Built:
Property Type:
Style:
Tax, Fees & Legal
Est. Winter Taxes: $9,145
Legal Description: 18 34 40 THAT PART OF E 717.26 FT OF SW 1/4 OF NW 1/4 LYG E OF FOL DESC LI: BEG SE COR OF W 1/2 OF NW 1/4 RUN N 00 DEG 29 MIN 17SEC E 40 FT TO N R/W LI INDRIO RD, TH N 89 DEG 27 MIN 50 SEC W ALG SD R/W LI 449.24 FT TO POB, TH N 00 DEG 32 MIN 10 SEC E 371.18 FT, TH N 43 SEG 32 MIN 10 SEC E 106.94 FT, TH N 03 DEG 02 MIN 10 SEC E 485 FT, TH N 71 DEG 02 MIN 10 SEC E 75 FT, TH N 32 DEG 32 MIN 10 SEC E 196 FT, TH N 46 DEG 57 MIN 50 SEC W 92.59 FT, TH N 90 DEG W 34.15 FT, TH N 00 DEG 29 MIN 17 SEC E 99.03 FT TO SLY LI HOLIDAY PINES S/D-PHASE III- (10.65 AC)
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Cody Spaur of LANDSHARK REALTY, Phone: 321-567-7992
