1201 19Th PlVero Beach, FL 32960
- Office properties
- 38,472 SF
Property Details for 1201 19Th Pl
- Year built
- 2005
- Construction
- CONCRETE
- Lot size
- 1.97 AC
- Property size (Sq ft)
- 38,472 SF
- Zone code
- DTW
- Property type
- Office properties
- Property subtype
- Office buildings
- APN
- 33-39-02-00007-0110-00001.0
- APU
- 9223372036854775807
Description
This exceptional commercial property, located at 1201 19th Place in Vero Beach, Florida, presents a unique investment opportunity. Comprising two buildings totaling 40,068 square feet on a 1.97-acre lot, this Class B office complex offers a diverse range of spaces suitable for various business needs. Built in 1972 and extensively renovated in 2023, the property boasts a modern aesthetic while retaining its classic charm. The four-story buildings feature multiple tenancies, with available suites ranging from 100 to 1,293 square feet, catering to businesses of all sizes. The property includes ample parking, a significant advantage in the downtown Vero Beach area. The property is conveniently located in Indian River County, Florida, with easy access to major roadways and local amenities. The versatile space is ideal for medical, traditional, or executive office uses, and also includes a cell tower. Elevators are available for convenient access to all floors. This well-maintained property offers a blend of historical character and modern functionality, making it an attractive option for discerning businesses seeking a prime location in Vero Beach. The property's strategic location and recent renovations ensure a high return on investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $14,988,239
- 6.5%
- $13,835,297
- 7%
- $12,847,062
-
Comparable approach
- Method
- Valuation
- Relative Method
- $9,806,898
- Geo Method
- $9,806,898
-
Alternative Use
- Use
- Valuation
- Residential
- $17,155,768
- Hospitality
- $15,714,592
- Educational
- $13,074,356
- Medical
- $13,524,003
- Retail
- $20,337,886
Location Insight
- City
- Vero Beach
- County
- Indian River
- State
- Florida
- Latitude
- 27.637
- Longitude
- -80.3982
- CBSA code
- 42680
- CBSA name
- SEBASTIAN-VERO BEACH, FL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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