Nest Seekers

Site plan approved 59 unit multifamily site on 7.

3780 INDIAN RIVER Boulevard
Vero Beach, FL 32960

Listing

Web ID:5808294
Website:https://www.nestseekers.com/5808294

Property

Ownership: For Sale
Type: Land
Lot Size: 7.6 Acres

Financials

Price:$2,325,000
Annual Taxes:$26,076.24

Description

Site plan approved 59-unit multifamily site on ±7.63 acres along Indian River Blvd in the heart of Vero Beach's affluent coastal and medical corridor, steps from Cleveland Clinic and about a mile from the Barber Bridge to the beaches. Approved for 59 two-bedroom, two-bath homes (±1,125 SF) in three 3-story buildings with open-air breezeways, pool and clubhouse, 24 garage bays and 3.27 acres of preserved land. RM-8 zoning, Land Trust drainage easement executed, plans available. Ideal for smaller developers, family offices and investors. All reasonable offers considered. Rare chance to build and hold a quality rental community in central Vero Beach. The Indian River Blvd corridor has more than 750 units committed nearby, with new luxury townhomes renting up to $5,899 per month. Indian River County is projected to reach about 193,000 residents by 2035, and new airline service from Breeze, JetBlue and American has expanded access to Vero Beach Regional Airport. Multifamily permitting has slowed since 2023, which limits new supply. Approved site plan, building elevations, floor plans, engineering and survey are available. Remaining steps include the SJRWMD permit resubmittal; site plan approval has been extended under statutory tolling.

Amenities

  • Electricity Available
  • Irregular Lot
  • Lake
  • Oversized Lot
  • Pond
  • Preserve
  • Sewer Available
  • Street Lights
  • Water
  • Water Available

Location

3780 INDIAN RIVER Vero Beach FL 32960 USA

Contact

Palm Beach, FL
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Phone: +1 561-725-9229
deborahg@nestseekers.com
Listing Courtesy of Compass Florida LLC
​
Nest Seekers Logo
Loading...