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Investment Highlights
- Multiple purchase options available*
- Estimated 0.80 acres available for development expansion
- Short distance from historic Downtown Ft. Pierce and major roadways
- Currently operating as hospitality use with potential to convert for office use
- Established dock and direct water access to the inlet
Executive Summary
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.
Flexible Purchasing Options:
• Entire Property: $1,850,000
• Main Building & Studio Apartment: $950,000
• Vacant Lot Only: $900,000
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.
Flexible Purchasing Options:
• Entire Property: $1,850,000
• Main Building & Studio Apartment: $950,000
• Vacant Lot Only: $900,000
Property Facts
| Price | $1,850,000 | Number of Properties | 2 |
| Price / SF | $330.89 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 5,591 SF |
| Status | Active | Total Land Area | 1.08 AC |
| Price | $1,850,000 |
| Price / SF | $330.89 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 5,591 SF |
| Total Land Area | 1.08 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 515 S Indian River Dr B, Fort Pierce, FL 34950 | Office | 4,154 SF | 1900 | - |
| 512 S 2nd St, Fort Pierce, FL 34950 | Office | 1,437 SF | 1900 | - |
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