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Rare Waterfront Hospitality Property

515 S Indian River Dr., Fort Pierce, FL, 34950
For Sale

Property Highlights

  • Flexible Purchasing Options:
    1. Entire Property: $1,750,000
    2. Main Building & Studio Apartment: $950,000
    3. Vacant Lot Only: $900,000

Property Details

  • Price: $1,750,000
  • Property Type: Hospitality, Land, Waterfront
  • Availability: Available
  • Transaction Type: For Sale
  • Building Size: 5,660 SF
  • Lot Size: 1.6 AC
  • Sale Type: Owner/User or Investment
  • Year Built: 1900
  • No. Stories: 2
  • Tenancy: Multi Tenant
  • Zoning Description: C-1 (FP)
  • Cross Streets: Delaware Ave. & S Indian River Dr.
  • APN/Parcel ID: 2410-810-0001-000-9
  • Year Renovated: 2010s

Property Description

Presenting a rare opportunity to acquire a distinctive waterfront property along scenic Indian River Drive overlooking the Fort Pierce Inlet. Situated on 1.6 acres, this unique property is fully built out for a bed and breakfast or boutique inn, offering a turnkey opportunity for a hospitality operator in one of the Treasure Coast’s most scenic coastal corridors.

The property features a two-story freestanding building totaling ±4,154 SF, designed and configured for lodging use, with multiple guest rooms, common areas, and amenities consistent with a boutique hospitality concept. Complementing the main structure is a detached ±1,506 SF studio apartment located toward the rear of the property, ideal for an owner/operator residence, onsite management, or additional guest accommodations.

The property extends directly to the Fort Pierce Inlet, complete with an established dock and direct water access.

Adding further value, an additional ±0.80 acre vacant parcel located just north of the main property provides room for potential future development, such as additional guest cottages, expansion of the lodging use, event space, or a complementary hospitality concept, subject to approvals.

The property is located just minutes from the Downtown Fort Pierce Historic District, known for its waterfront dining, marina, boutique shops, and year-round events and tourism activity. The site also offers convenient regional access via US-1 in Florida, with quick connectivity to I-95 and Florida’s Turnpike, making it easily accessible for visitors traveling from across the Treasure Coast and South Florida.

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Property Amenities

  • Established dock and direct water access
  • Close proximity to major roadways
  • Developable vacant lot

Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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