41ST St
Vero Beach, FL 32967
Vero Beach Land · Land For Sale · 75.52 AC

The property is located just north of incorporated Vero Beach, in the county of Indian River on the Treasure Coast of Florida. It consists of approximately 75.52 acres of former grove land that is currently zoned MED. The topography is relatively level and utilities are to the site. We believe the best use of the property would be medium density residential. The site is conveniently located one block north of the Indian River Medical Center, an award-winning 335 bed not-for-profit hospital which is known for its comprehensive cancer program, nationally recognized vascular surgery, orthopedic services, wound healing center, maternity wing and a spacious modern emergency room. Adjacent to the southern boundary of the property are an array of medical office buildings and facilities, including the BHVRL Health Center-Indian River Medical Center and the eighty bed HealthSouth Treasure Coast Rehabilitation Hospital. With over 140,000 people living in Indian River County, the Indian River Medical Center alone is the County’s largest employer with more than 1,600 total employees. The Sellers will consider a sale of the entire 75.52 acres or they will subdivide into various sections for qualified developers seeking to pursue a singular product type. We believe that more than two-thirds of the property should be a combination multi-family rental apartments, for sale townhomes or villas and a senior housing development. Roads surround the site with the ability to advance a future development plan of the property as an infill location. Adjacent to the offered property is a 3.86 acre site that is available for purchase and would allow an additional 30 residential lots. Vero Beach is a premier city of Florida. The economy is still focused on tourism and its pristine beach. The ability to craft a master planned, infill site, adjacent to the largest employer in a city like Vero Beach is truly unique.