Off-market opportunity to acquire 2.55 acres of prime developable land fronting the Indian River Drive waterfront corridor in Downtown Fort Pierce, Florida. The parcel occupies most of the block between Avenue C (A.E. Backus Avenue) and Avenue D, with its primary face on Indian River Drive — directly across from the Fort Pierce Manatee Education Center and immediately adjacent to the A.E. Backus Museum & Gallery.
With 200 feet of by-right height allowance, a premier Indian River Drive address, and proximity to over $185 million in announced investment actively under construction on the same corridor, this parcel sits at the epicenter of the Treasure Coast's most significant urban revitalization in a generation. The site is ideally suited for a vertically integrated mixed-use tower: street-level retail and restaurant activation, mid-level commercial or hospitality, and upper-floor luxury residential or hotel.
C-4 Central Commercial — Fort Pierce's most permissive commercial zone. Neighboring zones (C-2, C-5) cap at 45 feet, making C-4's 200-foot allowance a genuine and rare competitive advantage.
Mixed-use, retail, restaurant, office, hotel, entertainment, and multifamily residential — full program flexibility with no entitlement risk and no rezoning required.
Within the Fort Pierce Redevelopment Agency (FPRA) district — Tax Increment Financing incentives available, plus public-private partnership potential aligned with the Downtown Master Plan.
Drone footage of the site and the Indian River Drive corridor — including a rendered massing of the development potential at full 200-foot height.
Trouble playing? Open the film in a new tab →
Fort Pierce is experiencing its most significant wave of public and private investment in decades. King's Landing — the $155 million project adjacent to the Fort Pierce City Marina — includes 116 residential units, a 140-room Marriott Hotel, and 50,000 SF of retail across five restaurants. Villa prices begin at $1.5 million each, and several have already sold pre-construction. The subject site, with the same Indian River Drive address, superior height rights, and a larger 2.55-acre footprint, is positioned to capture the second wave of this momentum.
No other 2.55-acre, 200-foot-entitled, Indian River Drive-fronting, never-marketed parcel exists in Downtown Fort Pierce. Nearly full-block control with by-right height of this magnitude is genuinely irreplaceable in Florida's regulatory environment. Once this submarket matures, a comparable site will simply not exist.
Marina Square and the Indian River Drive improvements are actively under construction with 2027 completion. The $10.25M corridor reconstruction directly in front of this site will be complete before most new projects could even break ground — an acquirer today secures the land before public investment permanently reprices the corridor.
The Manatee Education Center sits directly across Indian River Drive. The A.E. Backus Museum anchors the south boundary. The Saturday Farmers' Market (200+ booths weekly) passes directly by the site. Ground-floor retail and restaurant tenants have an immediate captive audience on day one.
King's Landing already has pre-construction villa sales at $1.5M+ each — before a single shovel has turned. This confirms the depth of buyer demand for premium product in this submarket. The subject site is positioned to build on proven — not pioneered — demand.
Over $800 million in announced investment is either under construction or approved across the Fort Pierce metro area. The transformation is already underway — and the window to acquire ahead of the repricing is narrowing.
Fort Pierce is one of Florida's hidden gems — located on the Treasure Coast between Vero Beach and Port St. Lucie, offering a blend of historic charm, waterfront living, and increasing investment activity. Traditionally overlooked in favor of larger South Florida markets, that is changing fast as population growth and redevelopment reshape the area.
GPS: 27°27'06.4"N 80°19'29.0"W · The site fronts the Indian River Lagoon corridor — part of the Atlantic Intracoastal Waterway — directly across from the Manatee Education Center and steps from the Fort Pierce City Marina.
Fort Pierce has evolved from an affordable coastal community into one of Florida's emerging residential markets. Compared to Miami, Fort Lauderdale, Boca Raton and Palm Beach, Fort Pierce offers more affordable waterfront property, lower land acquisition costs, larger development parcels, and better value per square foot.
One of Fort Pierce's strongest long-term competitive advantages. The city has quietly developed into an important education, research, and workforce training hub for the Treasure Coast — attracting families, skilled professionals, healthcare workers, and employers.
The area's economy is supported by a diverse mix of industries: healthcare, education, government, marine industries, tourism and hospitality, retail, construction, manufacturing, logistics, and agriculture — providing a stable employment base with no single-industry dependence.
The Sunrise City — incorporated 1901, grown from 300 pioneers to over 45,000 residents. Locals call downtown "Little Austin" for its density of live music venues. Genuine cultural DNA: birthplace of the Florida Highwaymen, home of the Backus Museum and the Sunrise Theatre.
Complete due diligence package, survey, and comparable analysis available to qualified investors.
REQUEST INFORMATIONAt our premium real estate brokerage, our mission is to provide unparalleled residential and commercial real estate services — leveraging cutting-edge technology to be the most efficient and effective brokerage in the industry. All property showings are by appointment only.
