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5820 US Highway 1 - Central IRC 722 ft Frontage on Hwy 1 10.01 Acres of Commercial Land Offered at $4,999,999 in Vero Beach, FL 32967
Investment Highlights
- 722 FT Frontage on US Hwy 1
- Multifamily, Duplex, Townhome & Single-Family Potential
- Existing Rental Income Approximately $8,500/Month
Executive Summary
Indian River County, Florida
Exceptional opportunity featuring approximately 722 FT of direct US Hwy 1 frontage with six combined parcels totaling 10.01 acres, offered together by a single owner. Property is being sold as a complete assemblage for $4,999,999.
This offering presents a rare large-scale redevelopment opportunity in one of Indian River County’s growing corridors with strong visibility, accessibility, and surrounding residential expansion.
The property is currently improved with residential structures on three parcels, generating approximately $8,500/month in rental income, providing interim cash flow while planning and entitlement activities are pursued. Two additional accessory buildings may serve as storage, workshop, or business-use structures.
Zoning is SF-MF (Single-Family / Multi-Family), supporting a range of potential residential development opportunities including approximately 32 single-family homes, apartments, duplexes, and townhomes, subject to buyer verification and county approvals.
Property Highlights:
• 10.01 total acres across 6 contiguous parcels
• Approximately 722 FT of US Hwy 1 frontage
• Offered as one assemblage only
• Existing rental income approximately $8,500/month
• Strong redevelopment and investment potential
• Utilities available including electricity, water, cable, and telephone
• Existing residential structures on three parcels
• Two additional storage/workshop buildings
• High-visibility corridor with strong growth trends
• Near Grand Harbor influence area and Spoonbill Marsh
• Convenient access to residential, retail, and waterfront communities
Parcel Breakdown:
• Lot 1: 1.72 Acres
• Lot 2: 0.86 Acres
• Lot 3: 1.63 Acres
• Lot 4: 0.93 Acres
• Lot 5: 2.73 Acres
• Lot 6: 2.14 Acres
Pricing:
• $4,999,999
• Approximately $499,550 per acre
• Approximately $10.32 PSF
Buyer to independently verify zoning, density, permitted uses, utility availability, environmental conditions, and development potential with Indian River County Planning and Zoning, including consultation with the Planner of the Day.
All six parcels must be purchased together.
Property Facts
1 Lot Available
Lot
| Price | $4,999,999 | Lot Size | 10.01 AC |
| Price Per AC | $499,500.40 |
| Price | $4,999,999 |
| Price Per AC | $499,500.40 |
| Lot Size | 10.01 AC |
Exceptional 10.01-acre development assemblage located along US Hwy 1 in Indian River County, Florida. The property includes six contiguous parcels with approximately 722 feet of highway frontage and is offered for sale as a comp
Description
PROPERTY DESCRIPTION Exceptional 10.01-acre development assemblage located along US Hwy 1 in Indian River County, Florida. The property includes six contiguous parcels with approximately 722 feet of highway frontage and is offered for sale as a complete assemblage. Currently improved with residential structures on three parcels producing approximately $8,500 per month in rental income, the site offers both immediate cash flow and long-term redevelopment potential. SF-MF zoning supports a variety of potential residential development concepts including single-family homes, multifamily units, duplexes, apartments, and townhomes, subject to county approval and buyer verification. The property benefits from existing utilities including electricity, water, cable, and telephone service, level topography, excellent visibility, and convenient access to surrounding residential and commercial developments. Strategically positioned near the Grand Harbor area, Spoonbill Marsh, waterfront communities, and expanding residential growth corridors, this offering represents a rare large-acreage redevelopment opportunity along one of the Treasure Coast’s primary transportation routes.
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5820 US Highway 1 - Central IRC 722 ft Frontage on Hwy 1
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