About this property
FEATURES:
- Retail / Flex Building on US Highway 1 in Central Vero!
- 18 Foot Ceiling Height at lowest point.
- Each Unit is 1,440 SF with front Half AC’ed/ rear storage
- 12 x 14 Bay Doors in Rear of each Unit.
- 65 Parking Spaces (1 per 200 Square Feet for Retail)
- 2 units available to Buyer (2,880 sf) which are the only units that also have air conditioned rear storage.
- Plumbing in place for bathrooms in front and back of each unit.
- Access from US1 and 6th Avenue at the rear
BUILDING: 12,960 SF Building on 1.42 Acres, with approx. 213 Ft. of Frontage on US Hwy 1 and 344 Ft. of Depth
ZONING: (CG) General Commercial
R.E. TAXES: $17,490.23 (2022)
YEAR BUILT: 2003
UTILITIES: County Water & Sewer, FPL
CURRENT NOI: $46,162, does not include 2,880 SF vacancy income
PRO FORMA NOI: $139,144 - This income assumes a renovation is completed
PRO FORMA CAP RATE: 9.31% non-proforma CAP after fully rented is 5.4%
SALE PRICE: $1,495,000
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 12,960 sqft
- Land Size
- 1.42 acres
- Sewer
- County
- Water
- County
- Zoning
- CG
- Electric
- FPL
- Year Built
- 2003
Location
- Address
-
676 US Highway 1
Vero Beach, Florida 32962