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$3,500,000
2 Days On Site

INDRIO ROAD
FORT PIERCE, FL 34945

For Sale|Land|Active
Subdivision:
METES & BOUNDS
County:
St Lucie
Call Now: (561) 935-3331
Is this the listing for you? We can help make it yours.
(561) 935-3331
INDRIO ROADINDRIO ROADINDRIO ROADINDRIO ROAD
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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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Listing Snapshot
Price 
$3,500,000
Days On Site 
2 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
10.65 Acres
Year Built 
N/A
MLS® Number 
V4943996
Status 
Active
Property Tax 
$9,145
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 days agoListing updated with changes from the MLS®
3 days agoListing first seen on site
General Features
Acres 
10.65
Additional Property Use 
Subdivision
Sewer 
Public Sewer
Utilities 
Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
RM-9 COUNT
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Exterior Features
Frontage 
449
Lot Features 
WoodedPaved
Road Frontage 
County Road
Community Features
Financing Terms Available 
CashConventionalPrivate Financing AvailableSpecial Funding
MLS Area 
34945 - Fort Pierce
Roads 
AsphaltDirtPaved
Township 
34
Listing courtesy of LANDSHARK REALTY 3215016951



Listing information is provided by Participants of the Stellar MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Properties displayed may be listed or sold by various participants in the MLS Copyright 2025, Stellar MLS.
Last checked: 2025-07-31 06:14 AM EDT

Neighborhood & Commute
Source: Walkscore
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