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Investment Highlights

  • Approximately 0.80-acre vacant lot to be subdivided from an existing parcel
  • Close to downtown area and quick accessibility to US-1
  • Direct water access to the inlet
  • Development would allow for residential* or commercial use

Executive Summary

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

Property Facts

Price $900,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.80 AC
Zoning C-1 - Mixed-use building or development, home occupations, eating/drinking establishments*,office use*, rental, hotel/motel.

1 Lot Available

Lot

Price $900,000
Price Per AC $1,125,000.00
Lot Size 0.80 AC

An estimated 0.80-acre vacant lot with water access. Property owner will split the parcel from its current state.

Description

A rare opportunity to secure one of the Treasure Coast’s most recognizable restaurant locations.Hi Byron Wimbish, A rare waterfront restaurant opportunity is now available in the heart of Jensen Beach. The former Mulligan’s Beach House location is officially for lease, offering the chance to bring a new concept to one of the Treasure Coast’s most recognizable dining locations. Situated at the busy intersection of Jensen Beach Blvd and NE Indian River Drive, the property has been a well-known part of the local dining scene for more than 23 years, attracting both loyal locals and visitors to the downtown waterfront area. Whether you’re expanding your brand or launching a new concept, this high-visibility location offers strong surrounding demographics, steady traffic, and a premier waterfront setting.

Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
  • Listing ID: 39839429

  • Date on Market: 3/19/2026

  • Last Updated:

  • Address: 515 S Indian River Dr, Fort Pierce, FL 34950

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