Indian River Crossing
Q Properties present 323 acres of land with frontage along the Indian River to astute investors seeking Florida acreage.
By: Johnny Duncan | September 26, 2014
The Florida land boom of the 1920s is alive and well today as reflected in the latest “For Sale” sign posted by Q Properties, a premier boutique real estate firm located in Palm Beach. For sale is a prime piece of real estate encompassing 323 acres of land with frontage along the Indian River, as well as Highway US 1. This piece of Florida that offers retail potential for the buyer as well as residential development is located in Northern St. Lucie County, not far from Port St. Lucie and the Atlantic Intercostal communities of Vero Beach. Just as with the early Florida land boom, the two major elements for success are available today: People have the time, and they have the money to relocate to the Sunshine State and invest their dollars into waterfront property.
Indian River Crossing is being offered for sale by Q Properties for $44 million. Some of the main attractions for the property include a $5 million “sky bridge” offering commuters spectacular views of the water as they travel on the Dixie Highway directly from the Turnpike Feeder Road to Indian River Crossing. Additionally, the planned unit development (PUD) has been approved for development for townhouses, single family homes, estate lots, and mid-rise buildings. A small portion of the PUD offers a commercial phase to the property that includes approvals for 300 living units and 150,000 square feet of retail space on Highway US 1.
This large parcel of land is being touted by Q Properties as possibly the largest, fully entitled opportunity for development on the Indian River. With the potential to develop nearly 1,250 total residential units along with lucrative retail enterprises along the Highway US 1 corridor, Indian River Crossing can be a desirable chunk of Florida for the right investor.