Vero Beach Land for Sale
Prime US Hwy 1 Development Opportunity – 10.01 Acres (6 Contiguous Lots)
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.
