English
Russian
$3,500,000
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.Other Land - METES & BOUNDS for Sale
INDRIO, FORT PIERCE, FL 34945
Asking Price$3,500,000
Share by:
- Lot size 463914sqft
- Taxes: Register to see
-
Days on market:
38 day(s) Original Price:
$3,500,000Tax 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)Tax Year:
2024-
MLS:
V4943996 -
Property Type:
Land
Special Listing Conditions:
NoneLot Features:
Oversized LotBuildable
Description
Similar Properties in this Area
$3,500,000
6496 US, FORT PIERCE, FL 34946
$3,815,856
55 SAVANNAH RD, FORT PIERCE, FL 34982
$3,995,000
CROSSROADS PKWY, FORT PIERCE, FL 34945
$4,000,000
6489 OLD DIXIE HWY, FORT PIERCE, FL 34946
$4,250,000
108TH, FORT PIERCE, FL 34945
$5,750,000
S KINGS HWY, FORT PIERCE, FL 34945
$13,020,000
6489 OLD DIXIE HWY, FORT PIERCE, FL 34946
$15,000,000
6489 OLD DIXIE HIGHWAY 6489 OLD DIXIE HWY, FORT PIERCE, FL 34946