4291 SW 5th Pl
Vero Beach, FL 32968

Campos Commercial Real Estate is pleased to present a rare opportunity to acquire a nearly seven-acre entitled commercial land site located at 4291 5th Place SW in Vero Beach, Florida, within Indian River County.

Strategically positioned east of I-95 and approximately five miles from the proposed Oslo Road interchange, the property offers strong regional accessibility and long-term growth potential as infrastructure improvements continue to enhance connectivity throughout the area. The site benefits from proximity to established residential neighborhoods, providing a built-in demographic base supportive of recreational, wellness, and membership-oriented uses.

Property Overview

Site Area: ±7 Acres

Zoning: RS-3 with Special Exemption for Health Club Use

Entitlements: Recently approved site plan by Indian River County

Current Improvements: Former private tennis club

Utilities: Available (buyer to verify)

Topography: Generally flat and improved

Formerly operating as a thriving tennis club, the property retains significant existing infrastructure. Multiple tennis courts remain visible on site, and the clubhouse has been partially renovated, offering a foundation for repositioning or completion under the approved plan.

This offering provides the rare combination of scale, entitlement certainty, and redevelopment flexibility in a growing Florida coastal market.

Approved Site Plan

Indian River County has granted site plan approval for a comprehensive recreational club redevelopment, which includes:

Six (6) Padel Courts

Materials for four courts are already on site (installation required)

Eight (8) Har-Tru Clay Tennis Courts

Existing courts; resurfacing required

Two (2) Hard Tennis Courts

Four (4) Pickleball Courts

Clubhouse and Pool

On-site parking and circulation

The approved layout allows for efficient use of the property while preserving room for additional enhancements. A buyer may immediately move forward with development under the existing approvals, significantly reducing entitlement risk and timeline uncertainty.

Upside & Flexibility

Beyond the approved plan, the site offers meaningful value-add potential. The layout allows flexibility for:

Expanded court offerings

Additional wellness or fitness components

Food and beverage concepts

Event programming

Walking paths or lifestyle amenities

Membership-based club expansion

Given zoning and the existing special exemption, the property may also support alternative development concepts consistent with county regulations (buyer to verify). This flexibility creates optionality for operators, developers, or investment groups seeking to tailor the site to evolving market demand.

Market Positioning

Vero Beach and the greater Indian River County area continue to experience residential growth, demographic expansion, and increased demand for lifestyle-oriented amenities. Recreational, wellness, and social club concepts have demonstrated strong performance statewide, particularly in markets benefiting from in-migration and expanding suburban communities.

The site’s location east of I-95 provides convenient access while maintaining proximity to residential density. The proposed Oslo Road interchange is expected to further enhance regional accessibility, supporting long-term land value appreciation.

Investment Highlights

? Nearly 7 acres of improved and entitled land
? County-approved site plan in place
? Reduced entitlement risk
? Existing recreational infrastructure
? Zoning with special exemption for health club use
? Proximity to I-95 and proposed infrastructure improvements
? Strong demographic trends in Vero Beach submarket
? Flexible repositioning or alternative development potential

Opportunity

We are seeking a qualified buyer to either:

Execute the currently approved recreational club development, or

Reposition the property for an alternative concept consistent with zoning and entitlements.

This offering represents a compelling opportunity for:

Recreational club operators

Padel and pickleball groups

Sports academies

Private equity investors

Wellness-focused developers

Land banking investors seeking entitled acreage in a growing Florida market

With county approvals secured and infrastructure visibility increasing, this property presents a timely opportunity to capitalize on location, scale, and development certainty.

Approved site plan and supporting documentation available upon request.