For Sale
$775,000

7775 20Th St Vero Beach, FL 32966

Prime 2.63-acre site, 15 units possible.

Overview

Added:
Dec 11, 2024
Days on market:
137
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.

Highlights

  • $775,000 asking price for a 2.63-acre multifamily land parcel.
  • Located at 7775 20th St, Vero Beach, FL 32966.
  • RM-6 zoning allows up to 15 units (6 units per acre).
  • Existing utilities include water, sewer, and electricity.
  • 1952-built, 2,954 sq ft building on site.

Property Details for 7775 20Th St

Property type
Land
Class
C
Year Built
1952
Buildings
1
Stories
1
Lot Size (sq. ft)
114,563 SF

Location Insight

City
Vero Beach
County
Indian River
State
Florida
Latitude
27.6384158
Longitude
-80.4868408

FAQs

What type of property is this?
Land - Prime 2.63-acre site, 15 units possible.
Where is the land located?
The property is located at 7775 20Th St Vero Beach, FL.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: $775,000 asking price for a 2.63-acre multifamily land parcel.; Located at 7775 20th St, Vero Beach, FL 32966.; RM-6 zoning allows up to 15 units (6 units per acre).
How can I contact the broker?
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7775 20Th St
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