0 98Th AveVero Beach, FL 32966

This exceptional 76.56-acre property in Vero Beach, Florida, presents a unique investment opportunity. The land is comprised of approximately 50.97 acres zoned (A-1) Agricultural District, currently used for airplane hangars and an airstrip, and an additional approximately 25.59 acres suitable for multi-family development. The county suggests potential rezoning to Industrial or Commercial, or Multi-Family (10 units per acre) utilizing the "Live Local Act" with at least 40% affordable housing. Two artesian wells (8-10 inch and 4 inch) are on the site. Existing improvements include a 9,900 sq ft building and a 32,000 sq ft building, both constructed in 1973. County water and sewer are available, along with FPL electric. The property is located in an Opportunity Zone. The asking price for the 50.97-acre portion is $7,645,500 ($150,000 per acre), while the entire 76.56 acres is offered at $10,800,000 ($141,066 per acre). 2023 property taxes were $16,395.35. FPL and gas easements exist along the east boundary. This versatile property offers significant development potential for a variety of uses.