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4291 SW 5th Pl
Vero Beach, FL 32968
PRIME RESIDENTIAL DEVELOPMENT SITE · Land For Sale
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6.89 AC
Investment Highlights
- This location offers convenient access to nearby shopping, dining, and everyday services along major east–west corridors
- Nearly 7 acres of improved and entitled land
- Reduced entitlement risk
- The surrounding area is primarily residential, with well-maintained homes contributing to a sense of privacy and long-term neighborhood stability
- County-approved site plan in place
- Existing recreational infrastructure
Executive Summary
Campos Commercial Real Estate is pleased to present a rare opportunity to acquire a nearly seven-acre entitled commercial land site located at 4291 5th Place SW, Vero Beach, FL 32968, in Indian River County.
Strategically positioned east of I-95 and approximately five miles from the proposed Oslo Road interchange, the property offers exceptional accessibility and long-term growth potential as infrastructure improvements continue to enhance connectivity throughout the region.
Property Overview
Site Area: ±7 Acres
Zoning: RS-3 with Special Exemption for Health Club Use
Current Status: County-Approved Site Plan in Place
Former Use: Private Tennis Club
Existing Improvements:
Eight (8) Har-Tru clay courts (resurfacing needed)
Two (2) hard tennis courts
Existing clubhouse (partially renovated)
Visible court infrastructure remains in place
The property combines entitlement certainty with redevelopment flexibility, allowing a buyer to move forward immediately under the approved plan or reposition the asset for alternative permitted uses consistent with zoning.
Approved Site Plan Includes
Indian River County has granted site plan approval for a comprehensive recreational club development consisting of:
Six (6) Padel Courts (materials for four courts already on site; installation required)
Eight (8) Har-Tru Clay Tennis Courts
Two (2) Hard Tennis Courts
Four (4) Pickleball Courts
Clubhouse & Pool
Ample Parking & Circulation
The approved layout also provides flexibility for additional amenities such as:
Expanded court offerings
Walking paths and wellness features
Food & beverage concepts
Complementary recreational or membership-based uses
Investment Highlights
? Nearly 7 acres of entitled land in a supply-constrained market
? County site plan approval secured – reduces entitlement risk
? Strong demographic growth in Vero Beach submarket
? Proximity to major transportation corridor (I-95)
? Near proposed Oslo Road interchange, enhancing long-term accessibility
? Ideal for recreational club operators, private equity groups, sports academies, or lifestyle-focused developers
Opportunity
We are seeking a qualified buyer to:
Assume and execute the currently approved recreational development, or
Pursue an alternative redevelopment strategy consistent with the existing RS-3 zoning and special exemption framework.
With increasing demand for wellness-oriented, membership-based, and residential-adjacent recreational amenities in the Vero Beach area, this offering presents a compelling and timely acquisition opportunity.
Approved site plan available upon request.
Contact Campos Commercial Real Estate for additional details, pricing guidance, and development documentation.
Property Facts
1 Lot Available
Lot
| Price | $1,900,000 | Lot Size | 6.89 AC |
| Price Per AC | $275,761.97 |
| Price | $1,900,000 |
| Price Per AC | $275,761.97 |
| Lot Size | 6.89 AC |
Nearly 7-acre entitled redevelopment site in Indian River County, east of I-95. Zoned RS-3 with approved recreational site plan. Former tennis club with existing courts and clubhouse. Ideal for club, wellness, or flexible redevelopment use.
Description
Campos Commercial Real Estate is pleased to present a rare opportunity to acquire a nearly seven-acre entitled commercial land site located at 4291 5th Place SW in Vero Beach, Florida, within Indian River County. Strategically positioned east of I-95 and approximately five miles from the proposed Oslo Road interchange, the property offers strong regional accessibility and long-term growth potential as infrastructure improvements continue to enhance connectivity throughout the area. The site benefits from proximity to established residential neighborhoods, providing a built-in demographic base supportive of recreational, wellness, and membership-oriented uses. Property Overview Site Area: ±7 Acres Zoning: RS-3 with Special Exemption for Health Club Use Entitlements: Recently approved site plan by Indian River County Current Improvements: Former private tennis club Utilities: Available (buyer to verify) Topography: Generally flat and improved Formerly operating as a thriving tennis club, the property retains significant existing infrastructure. Multiple tennis courts remain visible on site, and the clubhouse has been partially renovated, offering a foundation for repositioning or completion under the approved plan. This offering provides the rare combination of scale, entitlement certainty, and redevelopment flexibility in a growing Florida coastal market. Approved Site Plan Indian River County has granted site plan approval for a comprehensive recreational club redevelopment, which includes: Six (6) Padel Courts Materials for four courts are already on site (installation required) Eight (8) Har-Tru Clay Tennis Courts Existing courts; resurfacing required Two (2) Hard Tennis Courts Four (4) Pickleball Courts Clubhouse and Pool On-site parking and circulation The approved layout allows for efficient use of the property while preserving room for additional enhancements. A buyer may immediately move forward with development under the existing approvals, significantly reducing entitlement risk and timeline uncertainty. Upside & Flexibility Beyond the approved plan, the site offers meaningful value-add potential. The layout allows flexibility for: Expanded court offerings Additional wellness or fitness components Food and beverage concepts Event programming Walking paths or lifestyle amenities Membership-based club expansion Given zoning and the existing special exemption, the property may also support alternative development concepts consistent with county regulations (buyer to verify). This flexibility creates optionality for operators, developers, or investment groups seeking to tailor the site to evolving market demand. Market Positioning Vero Beach and the greater Indian River County area continue to experience residential growth, demographic expansion, and increased demand for lifestyle-oriented amenities. Recreational, wellness, and social club concepts have demonstrated strong performance statewide, particularly in markets benefiting from in-migration and expanding suburban communities. The site’s location east of I-95 provides convenient access while maintaining proximity to residential density. The proposed Oslo Road interchange is expected to further enhance regional accessibility, supporting long-term land value appreciation. Investment Highlights ? Nearly 7 acres of improved and entitled land ? County-approved site plan in place ? Reduced entitlement risk ? Existing recreational infrastructure ? Zoning with special exemption for health club use ? Proximity to I-95 and proposed infrastructure improvements ? Strong demographic trends in Vero Beach submarket ? Flexible repositioning or alternative development potential Opportunity We are seeking a qualified buyer to either: Execute the currently approved recreational club development, or Reposition the property for an alternative concept consistent with zoning and entitlements. This offering represents a compelling opportunity for: Recreational club operators Padel and pickleball groups Sports academies Private equity investors Wellness-focused developers Land banking investors seeking entitled acreage in a growing Florida market With county approvals secured and infrastructure visibility increasing, this property presents a timely opportunity to capitalize on location, scale, and development certainty. Approved site plan and supporting documentation available upon request.
Property Taxes
| Parcel Number | 33-39-22-00001-0120-00002.1 | Improvements Assessment | $74,328 |
| Land Assessment | $292,825 | Total Assessment | $367,153 |
Property Taxes
