7775 20Th StVero Beach, FL 32966

This exceptional 2.63-acre parcel in Vero Beach, Florida, presents a remarkable multifamily development opportunity. Located at 7775 20th St, 32966, this property boasts 329.73 feet of frontage on Route 60 and 350 feet of depth. Currently zoned RM-6 (Multiple-Family Residential District), allowing up to six units per acre, the site offers the potential for approximately 15 total units. The existing 2,954 square foot building was constructed in 1952. Infrastructure is already in place, including county water, sewer, and FPL electric. The property's advantageous location is adjacent to the Point West Development, benefiting from its proximity and established infrastructure. Annual property taxes were $4,849.31 in 2017. The site enjoys high visibility with an estimated 29,473 vehicles passing daily in 2017. This is an exceptional opportunity for investors seeking to develop a multifamily project in a desirable Vero Beach location. The asking price is $775,000. Additional parcels may also be available.