For Sale
$2,275,000

1146 21St St Vero Beach, FL 32960

High-yield retail property, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a 1.81-acre commercial property situated on a high-traffic corner of US Highway 1 in Vero Beach, Florida. The property, located at 1146 21st Street, zip code 32960, boasts a substantial lot size of 78,843.6 square feet and comprises two buildings currently occupied by active tenants. Constructed in 1966, this property offers a proven track record of income generation, with the existing tenants generating an annual gross revenue exceeding $110,000. The property is zoned for commercial use and includes a total of ten units, making it an ideal investment for both seasoned and emerging investors seeking a strong return on investment. The property's prime location on a busy highway ensures high visibility and accessibility, attracting a steady stream of potential customers. This is a rare opportunity to acquire a well-established, income-producing retail property in a thriving Florida market. The asking price is $2,275,000. This represents a significant opportunity for investors seeking a stable and profitable addition to their portfolio. The property's size and location offer considerable potential for future development and expansion. Serious inquiries are encouraged.

Highlights

  • 1.81-acre commercial property on high-traffic US Highway 1 in Vero Beach, FL (32960).
  • 78,843.6 sq ft lot with two buildings and ten units, currently occupied.
  • Annual gross revenue exceeding $110,000.
  • Commercial zoning.
  • Asking price: $2,275,000.

Property Details for 1146 21St St

Property type
Retail properties, Land
Year Built
1966
Units
10

Location Insight

City
Vero Beach
County
Indian River
State
Florida
Latitude
27.6405377
Longitude
-80.3965123

FAQs

What type of property is this?
Retail property - High-yield retail property, prime location.
Where is the retail property located?
The property is located at 1146 21St St Vero Beach, FL.
What is the asking price?
The asking price for this property is $2,275,000.
What are key features of this property?
This property features: 1.81-acre commercial property on high-traffic US Highway 1 in Vero Beach, FL (32960).; 78,843.6 sq ft lot with two buildings and ten units, currently occupied.; Annual gross revenue exceeding $110,000.
How can I contact the broker?
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1146 21St St
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