Approved Recreational Development | Entitled Land | Value-Add & Flexible Redevelopment Potential 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, Vero Beach, FL 32968, in Indian River County. Strategically positioned east of I-95 and approximately five miles from the proposed Oslo Road interchange, the property offers exceptional accessibility and long-term growth potential as infrastructure improvements continue to enhance connectivity throughout the region. Property Overview Site Area: ±7 Acres Zoning: RS-3 with Special Exemption for Health Club Use Current Status: County-Approved Site Plan in Place Former Use: Private Tennis Club Existing Improvements: Eight (8) Har-Tru clay courts (resurfacing needed) Two (2) hard tennis courts Existing clubhouse (partially renovated) Visible court infrastructure remains in place The property combines entitlement certainty with redevelopment flexibility, allowing a buyer to move forward immediately under the approved plan or reposition the asset for alternative permitted uses consistent with zoning. Approved Site Plan Includes Indian River County has granted site plan approval for a comprehensive recreational club development consisting of: Six (6) Padel Courts (materials for four courts already on site; installation required) Eight (8) Har-Tru Clay Tennis Courts Two (2) Hard Tennis Courts Four (4) Pickleball Courts Clubhouse & Pool Ample Parking & Circulation The approved layout also provides flexibility for additional amenities such as: Expanded court offerings Walking paths and wellness features Food & beverage concepts Complementary recreational or membership-based uses Investment Highlights ? Nearly 7 acres of entitled land in a supply-constrained market ? County site plan approval secured – reduces entitlement risk ? Strong demographic growth in Vero Beach submarket ? Proximity to major transportation corridor (I-95) ? Near proposed Oslo Road interchange, enhancing long-term accessibility ? Ideal for recreational club operators, private equity groups, sports academies, or lifestyle-focused developers Opportunity We are seeking a qualified buyer to: Assume and execute the currently approved recreational development, or Pursue an alternative redevelopment strategy consistent with the existing RS-3 zoning and special exemption framework. With increasing demand for wellness-oriented, membership-based, and residential-adjacent recreational amenities in the Vero Beach area, this offering presents a compelling and timely acquisition opportunity. Approved site plan available upon request. Contact Campos Commercial Real Estate for additional details, pricing guidance, and development documentation.