For Sale
$2,275,000

1146 21St StVero Beach, FL 32960

High-yield retail property, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
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
1146 21St St, Vero Beach, Florida

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1146 21St St
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