For Sale
$99,000

6200 20Th StVero Beach, FL 32966

Established Music Business, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
114
This thriving music store in Vero Beach, Florida, presents a unique investment opportunity. Located at 6200 20th St, Vero Beach, FL 32966, this Class A, 1,000 square foot business boasts an impressive annual income of approximately $50,000, yielding a 50% capitalization rate. The sale includes the entire inventory of musical instruments and accessories. The business benefits from a loyal customer base, including music lesson subscribers and clients for in-home and business entertainment services. The property operates under a NNN lease, with terms available upon request. The current owner is offering a 60-day transition period to ensure a smooth handover. This is a single-unit, owner-user investment opportunity in a stabilized business. All measurements are estimates. This is a turnkey operation ready for a new owner to step in and continue its success. The business is situated in a prime mall location within Indian River County. This represents a strong return on investment in a desirable market.

Property Details for 6200 20Th St

Property type
Square Feet
1,000 SF
Class
A
Units
1

Location Insight

City
Vero Beach
County
Indian River
State
Florida
Latitude
27.6420406
Longitude
-80.459355
6200 20Th St, Vero Beach, Florida

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6200 20Th St
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