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Property Photos
 Indrio Road  Indrio Road Listing photo id 0 for  Indrio Road Listing photo id 1 for  Indrio Road Listing photo id 2 for  Indrio Road Listing photo id 3 for  Indrio Road Listing photo id 4 for  Indrio Road Listing photo id 5 for  Indrio Road Listing photo id 6 for  Indrio Road Listing photo id 7 for  Indrio Road Listing photo id 8 for  Indrio Road
  • MLS#: V4943996 ( Land )
  • Street Address: Indrio Road
  • Viewed: 68
  • Price: $3,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 34
  • Additional Information
  • Geolocation: 27.5217 / -80.3783
  • County: SAINT LUCIE
  • City: FORT PIERCE
  • Zipcode: 34945
  • Subdivision: Metes Bounds
  • Provided by: LANDSHARK REALTY
  • mfrmls
  • DMCA Notice
  • 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 systemsideal for long term rentals, short term rentals, or traditional sales. Community amenities include a clubhouse, pool, walking trails, and greenspaceadding 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 ees, 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 youre a BTR operator, equity group, or private developer, this project provides the scale, location, and entitlement readiness to execute immediately in one of Floridas hottest rental corridors. Full executive summary, pro forma, and JV options available upon request.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Country
  1. US
Covered Spaces
  1. 0.00
Current Use
  1. Subdivision
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. 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
  2. TH N 89 DEG 27 MIN 50 SEC W ALG SD R/W LI 449.24 FT TO POB
  3. TH N 00 DEG 32 MIN 10 SEC E 371.18 FT
  4. TH N 43 SEG 32 MIN 10 SEC E 106.94 FT
  5. TH N 03 DEG 02 MIN 10 SEC E 485 FT
  6. TH N 71 DEG 02 MIN 10 SEC E 75 FT
  7. TH N 32 DEG 32 MIN 10 SEC E 196 FT
  8. TH N 46 DEG 57 MIN 50 SEC W 92.59 FT
  9. TH N 90 DEG W 34.15 FT
  10. TH N 00 DEG 29 MIN 17 SEC E 99.03 FT TO SLY LI HOLIDAY PINES S/D-PHASE III- (10.65 AC)
Living Area
  1. 0.00
Lot Features
  1. Buildable
  2. Oversized Lot
  3. Paved
Area Major
  1. 34945 - Fort Pierce
Net Operating Income
  1. 0.00
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 14-18-231-0001-0106
Possession
  1. Close Of Escrow
  2. Negotiable
Property Type
  1. Land
Road Frontage Type
  1. County Road
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 34
Utilities
  1. Cable Available
  2. Electricity Available
  3. Phone Available
  4. Public
  5. Sewer Available
  6. Water Available
Views
  1. 68
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/V4943996
Water Source
  1. Public
Zoning Code
  1. RM-9 COUNT