2145 14Th AveVero Beach, FL 32960

Property Details for 2145 14Th Ave

Year built

1937

Construction

STEEL FRAME

Lot size

0.70 AC

Property size (Sq ft)

24,114 SF

Zone code

DTW

Property type

Office properties

Property subtype

Office buildings

APN

33-39-02-00001-0350-00001.0

APU

9223372036854775807

Description

This exceptional 566-square-foot office suite is located in the Courthouse Executive Center, a beautifully maintained, two-story building in Vero Beach, Florida's vibrant downtown district. Built in 1937 and continually updated, this Class B property offers a single-tenant occupancy in a prime location. The suite is situated on the ground floor, providing convenient access and high visibility. The building's zoning is DTW - Downtown District, allowing for a variety of professional uses. Enjoy the benefits of a locally managed and maintained building, with utilities (FPL, city water, and sewer) included in the monthly rent of $1,226 plus sales tax. The suite is part of a historic building, offering a unique and prestigious address. Its central downtown location provides easy walking access to numerous restaurants and shops. A negotiable tenant allowance is available, making this an attractive opportunity for businesses seeking a well-maintained, conveniently located office space in Vero Beach's historic core. The property features traditional office space ideal for a variety of professional services. This is a single-tenant space, ensuring privacy and control. The address is 2145 14th Ave, Vero Beach, FL 32960.

• CAP approach

  CAP return

  Valuation

  6%

  $9,099,098

  6.5%

  $8,399,167

  7%

  $7,799,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,146,900

  Geo Method

  $6,146,900

• Alternative Use

  Use

  Valuation

  Residential

  $10,414,967

  Hospitality

  $9,540,054

  Educational

  $7,937,213

  Medical

  $8,210,186

  Retail

  $12,346,776

Location Insight

City

Vero Beach

County

Indian River

State

Florida

Latitude

27.6405

Longitude

-80.3996

CBSA code

42680

CBSA name

SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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