1238 16Th StVero Beach, FL 32960

This exceptional mixed-use commercial property in Vero Beach, Florida, presents a rare investment opportunity. Located at 1238 16th Street, this centrally located plaza offers multiple income streams and boasts a total of 12,362 square feet on approximately one acre of land. The property comprises two concrete buildings. The first is a strip plaza featuring six storefronts totaling 8,000 square feet, currently occupied by long-term tenants. The second building houses sixteen storage units, a mix of twelve 10x20 units and four 20x20 units, also with established tenants. Built in 1979, this property benefits from its convenient location, providing easy access to Vero Beach's beaches, shopping districts, and downtown area. The asking price is $2,175,000. This is an ideal opportunity for investors seeking a stable, multi-faceted commercial investment with established tenants and strong potential for future growth in a desirable Florida location. The property's size and configuration offer flexibility for a variety of uses and income generation strategies. The existing tenant base provides immediate cash flow, minimizing vacancy risk. This is a turnkey investment ready for a new owner to capitalize on its established success. The property is zoned for mixed-use and is located in the 32960 zip code.