For Sale
$3,595,000

2205 14Th Ave Vero Beach, FL 32960

Net-Leased Office Building, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional net-leased office building in Vero Beach, Florida presents a rare investment opportunity. Located in the desirable Downtown (DTW) zoning district, this 8,055 square foot, two-story building sits on a 0.43-acre lot with significant street frontage. Built in 1963 and fully renovated in 2019, the property boasts a modern interior and exterior, including a new roof, impact-rated windows and doors, six HVAC systems, a fire suppression system, and fiber optics. The building is currently 100% occupied by a single tenant under a lease extending to July 31, 2030, minimizing landlord responsibilities. Tenant pays all major operating expenses. Amenities include ample private parking, covered outdoor seating, and a private kitchen. The property offers a strong net operating income (NOI) of $232,800, resulting in a 6.48% capitalization rate. The asking price is $3,595,000, translating to $446.31 per square foot. Property taxes for 2023 were $14,108.20. City water and sewer, and FPL utilities are in place. This is a turnkey investment in a thriving downtown location with significant upside potential.

Highlights

  • $3,595,000 asking price for a net-leased office building in Vero Beach, Florida.
  • 8,055 square feet, Class B, traditional office building on a 0.43-acre lot.
  • 100% occupancy with a single tenant (Fortis Payment Systems) under lease until July 31, 2030.
  • $232,800 Net Operating Income (NOI) representing a 6.48% capitalization rate.
  • Fully renovated in 2019, including roof, windows, doors, HVAC, and security systems.

Property Details for 2205 14Th Ave

Property type
Office properties
Square Feet
8,055 SF
Class
B
Year Built/Renovated
1963/2019
Buildings
1
Stories
2
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Vero Beach
County
Indian River
State
Florida
Latitude
27.641101
Longitude
-80.3995696

FAQs

What type of property is this?
Office property - Net-Leased Office Building, High ROI
Where is the office property located?
The property is located at 2205 14Th Ave Vero Beach, FL.
What is the asking price?
The asking price for this property is $3,595,000.
What are key features of this property?
This property features: $3,595,000 asking price for a net-leased office building in Vero Beach, Florida.; 8,055 square feet, Class B, traditional office building on a 0.43-acre lot.; 100% occupancy with a single tenant (Fortis Payment Systems) under lease until July 31, 2030.
How can I contact the broker?
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2205 14Th Ave
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