Rare Waterfront Hospitality Property

For Sale

515 S Indian River Dr, Fort Pierce, FL 34950

This Fort Pierce property for sale is located at 515 S Indian River Dr. The general use of Rare Waterfront Hospitality Property is hotel / motel and it incorporates 5,660 square feet of class C hotel / motel space. The current listed sale price for Rare Waterfront Hospitality Property is $1,750,000. Rare Waterfront Hospitality Property is situated on a lot that is 1.6 acre in size.

Contacts

Chris Belland

Commercial Real Estate LLC

Property Details

  • Property Type Hotel / Motel
  • Property Size 5,660 SF
  • Lot Size 1.6 Acre
  • # of Floors 2
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1900
  • Year Renovated 2010
  • Date Updated Apr 21, 2026

Presenting a rare opportunity to acquire a distinctive waterfront property along scenic Indian River Drive overlooking the Fort Pierce Inlet. Situated on 1.6 acres, this unique property is near comletion in renovations as a bed and breakfast, offering an opportunity for a hospitality operator in one of the Treasure Coast’s most scenic coastal corridors.

The property features a two-story freestanding building totaling ±4,154 SF, designed and configured for lodging use, with multiple guest rooms, common areas, and amenities consistent with a boutique hospitality concept. Complementing the main structure is a detached ±1,506 SF studio apartment located toward the rear of the property, ideal for an owner/operator residence, onsite management, or additional guest accommodations.

The property extends directly to the Fort Pierce Inlet, complete with an established dock and direct water access. 

Adding further value, an additional ±0.80 acre vacant parcel located just north of the main property provides room for potential future development, such as additional guest cottages, expansion of the lodging use, event space, or a complementary hospitality concept, subject to approvals.

The property is located just minutes from the Downtown Fort Pierce Historic District, known for its waterfront dining, marina, boutique shops, and year-round events and tourism activity. The site also offers convenient regional access via US-1 in Florida, with quick connectivity to I-95 and Florida's Turnpike, making it easily accessible for visitors traveling from across the Treasure Coast and South Florida.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • Established dock with direct water access
  • Room for additional development
  • Close proximity to historic Downtown Ft. Pierce
  • Quick access to major roadways

Attachments

Getting around

  • 54/100

    Walk Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Fort Pierce, FL
  • Neighborhood Indian Hills
  • Zip Code 34950

Points of Interest

  • Chevron

    0.26 miles

  • BP

    0.64 miles

  • Mobil

    1.19 miles

  • Shell

    1.97 miles

  • Sunoco

    2.29 miles

  • 7-Eleven

    2.73 miles

  • Fort Pierce Supercharger

    4.10 miles

  • Tesla Supercharger

    4.77 miles

  • Pelican Yacht Club Parking

    1.95 miles

  • Coral Beach Parking

    2.20 miles

  • East Temporary Student Overflow Parking

    2.43 miles

  • North East Student Parking Lot - (L,N,R,S,T)

    2.46 miles

  • North Reserved Parking - (Employees Only)

    2.49 miles

  • Visitor Parking

    2.54 miles

  • East Central Parking Lot - (N,P,PT,P5,Q,C)

    2.55 miles

  • South East Parking Lot - (C,P5,Q)

    2.57 miles

  • North West Student Parking - (A,B,E,F,J,KSU,W)

    2.65 miles

  • NW Central Student Parking - (B,E,FSU,J,KSU,O,W)

    2.68 miles

  • Parkway Motel

    0.89 miles

  • Rodeway Inn Fort Pierce Us Highway 1

    1.56 miles

  • Dockside Inn

    2.08 miles

  • Hutchinson Island Plaza Hotel & Suites

    2.10 miles

  • Days Inn

    2.49 miles

  • Royal Inn Beach Hotel Hutchinson Island

    2.53 miles

  • Waterfront Motel

    2.74 miles

  • Motel 6

    4.48 miles

  • Fairfield Inn & Suites Fort Pierce

    4.69 miles

  • Comfort Suites

    4.75 miles

  • ALDI

    0.69 miles

  • Publix

    1.44 miles

  • Walmart Supercenter

    3.74 miles

  • Winn-Dixie

    4.71 miles

  • Bealls Outlet

    7.18 miles

  • Walmart Neighborhood Market

    9.48 miles

Contact Listing Broker
Chris Belland

Commercial Real Estate LLC

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.