FL
St Lucie
FORT PIERCE
34945
INDRIO ROAD
INDRIO ROAD, FORT PIERCE, FL 34945
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Listing Type
Lots/Land
Listing Status
active
10
$3,500,000

Home Details for INDRIO ROAD

Price
$3,500,000
Type
Land
Bedrooms
0
Bathrooms
Square feet
NaN
Lot size acres
10.65
County
St Lucie
Garage
Days on site
58
MLS Listing#
V4943996
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.

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Property Features
  • Utilities
    • Cable Available
    • Electricity Available
    • Phone Available
    • Sewer Available
    • Water Available
  • Water Features
    • Public
Listing Courtesy: LANDSHARK REALTY - 321-567-7992
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-07-28 21:06:29
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EXIT KING REALTY
8728 East State Rd 70, Bradenton, FL 34202
Kendel Sailer
Sales Representative
Office
941 497 6060
Agent
941 526 5098
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