10.65 Acres Lot
10.65 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Subdivision
Listing Status Active
Purchase Type For Sale
Subdivision Metes & Bounds
MLS Listing ID V4943996
HOA Y/N No
Annual Tax Amount $9,145
Lot Size 10.650 Acres
Acres 10.65
Lot Dimensions 449 x 1289
Property Sub-Type Subdivision
Source Stellar MLS
Property Description
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.
Location
State FL
County St Lucie
Community Metes & Bounds
Area 34945 - Fort Pierce
Zoning RM-9 COUNT
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Public, Sewer Available, Water Available
Building
Lot Description Buildable, Oversized Lot, Paved
Lot Size Range 10 to less than 20
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Acceptable Financing Cash, Conventional, Other, Owner Financing, Private Financing Available, Special Funding
Listing Terms Cash, Conventional, Other, Owner Financing, Private Financing Available, Special Funding
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/V4943996
Learn More About LPT Realty
Sales Executive | License ID: SL3522272