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Flex-Use Waterfront Property

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

Property Highlights

  • Flexible Purchasing Options:
    1. Entire Property: $1,850,000
    2. Main Building & Studio Apartment: $950,000
    3. Vacant Lot Only: $900,000

Property Details

  • Price: $1,850,000
  • Property Type: Hospitality, Land, Waterfront
  • Availability: Available
  • Transaction Type: For Sale
  • Building Size: 5,660 SF
  • Lot Size: 1.6 AC
  • Property Sub Type: Office
  • 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. This unique 1.6-acre property offers a blend of hospitality use, professional use potential, waterfront access, and future development upside in one of the Treasure Coast’s most attractive waterfront corridors.

The property features a two-story freestanding building totaling 4,154± SF, currently operating as a 5-unit bed and breakfast, while also offering a layout well suited for a professional office, boutique commercial use, or a conversion to a variety of business operations. Complementing the main building is a detached 1,506± SF studio apartment located toward the rear of the property, ideal for onsite management quarters, guest accommodations, or additional rental income.

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

Adding further value, an estimated 0.80± acre vacant section located just north of the main property provides room for potential future development, expansion, or complementary use.

The property’s prime location offers close proximity to Downtown Fort Pierce Historic District, known for its vibrant waterfront, restaurants, marinas, and cultural attractions. The site also benefits from convenient regional connectivity, located just minutes from US-1 with quick access to both I-95 and Florida’s Turnpike.

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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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