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$3,500,000
6 Days On Site

0000 Indrio Road
Ft. Pierce, FL 34951

For Sale|Unimproved Land|Active
0
Beds
0
Total Baths
Subdivision:
None
County:
St. Lucie

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

0000 Indrio Road0000 Indrio Road0000 Indrio Road0000 Indrio 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 
6 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
10.59 Acres
Year Built 
N/A
MLS® Number 
1053032
Status 
Active
Property Tax 
$10,430
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
6 days agoListing first seen on site
6 days agoListing updated with changes from the MLS®
General Features
Acres 
10.59
Additional Property Use 
InvestmentMulti-FamilyResidential
Property Sub Type 
Unimproved Land
Sewer 
Public Sewer
Special Circumstances 
Standard
Utilities 
Natural Gas AvailableCable AvailableElectricity AvailableSewer AvailableWater Available
Water Source 
Public
Zoning 
Multi Family
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Exterior Features
Lot Features 
Corner Lot
Road Frontage 
UnimprovedCounty Road
Community Features
Financing Terms Available 
CashConventionalOwner May CarryPrivate Financing Available
MLS Area 
906 - St Lucie County
Roads 
AsphaltDirtPaved
Listing courtesy of Landshark Realty

The data relating to real estate shown on this website comes in part from the Internet Data Exchange (IDX) program of Space Coast Association of REALTORS®, Inc. IDX information is provided exclusively 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. All data is deemed reliable but is not guaranteed accurate.

Neighborhood & Commute
Source: Walkscore
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