For Lease
$1.39/SF/YR

573 27Th Ave Vero Beach, FL 32968

Established Store, High Revenue Potential

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional single-tenant retail property, located at 573 27th Ave SW in Vero Beach, Florida (zip code 32968), presents a lucrative investment opportunity. The property encompasses a 3,440 square foot building situated on a 0.33-acre lot. Currently operating as a thriving convenience store, the business boasts impressive monthly sales figures. The store generates approximately $35,000 in monthly grocery and beer sales, supplemented by a consistent $2,500 monthly lottery commission. Furthermore, the cash checking services yield nearly $80,000 per week in additional revenue. The property's current monthly rent is $4,000. The asking price includes $165,000 for business goodwill, with inventory priced at cost. This one-story building offers a prime location in the heart of Vero Beach, providing excellent visibility and accessibility. The property's strong financial performance, coupled with its desirable location, makes it an attractive investment for discerning buyers seeking a high-return opportunity in a stable market. The property is zoned for retail use and is ready for immediate occupancy. Serious inquiries are encouraged.

Highlights

  • Exceptional single-tenant retail property at 573 27th Ave SW, Vero Beach, FL 32968.
  • 3,440 sq ft building on a 0.33-acre lot.
  • Currently a thriving convenience store with strong sales: approx. $35,000 monthly grocery/beer sales, $2,500 monthly lottery commission, and nearly $80,000 weekly from cash checking services.
  • $4,000 monthly rent.
  • Asking price includes $165,000 for business goodwill and inventory at cost.

Property Details for 573 27Th Ave

Property type
Retail properties, Grocery and convenience stores
RSF (Rentable sq. ft)
3,440 SF
Stories
1

Unit(s) available at that property

Space
Size
2,870 SF
Rate per SF
$1.39

Location Insight

City
Vero Beach
County
Indian River
State
Florida
Latitude
27.592937690639
Longitude
-80.414120655387

FAQs

What type of property is this?
Retail property - Established Store, High Revenue Potential
Where is the retail property located?
The property is located at 573 27Th Ave Vero Beach, FL.
What is the lease rate?
The lease rate is $1.39/SF/YR.
What are key features of this property?
This property features: Exceptional single-tenant retail property at 573 27th Ave SW, Vero Beach, FL 32968.; 3,440 sq ft building on a 0.33-acre lot.; Currently a thriving convenience store with strong sales: approx. $35,000 monthly grocery/beer sales, $2,500 monthly lottery commission, and nearly $80,000 weekly from cash checking services.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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573 27Th Ave
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